Beetle Coin (BEET) Down 0.51% Wednesday: What's Next?

Wednesday, January 26, 2022 06:19 AM | InvestorsObserver Analysts

Beetle Coin (BEET) has been relatively more volatile compared to the crypto market. So far Wednesday, the Digital Money has lost 50.76% to $0.0001260315836.

InvestorsObserver is giving Beetle Coin a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Beetle Coin!

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Highly Volatile

InvestorsObserver gives Beetle Coin a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. BEET's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Beetle Coin price is in a good position going forward. With support around $0.000049495377086161 and resistance near $0.000187252661478298. This leaves Beetle Coin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.