Tether Gold (XAUT) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has lost 0.01% to $2012.32.
Low Volatility
InvestorsObserver gives Tether Gold a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
XAUT’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Tether Gold price is favorably positioned going forward. With support near $2008.89 and resistance at $2014.3. This positions Tether Gold with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.