Beetle Coin (BEET), High Volatility and Rising Monday: Is it Time to Cash Out?

Monday, January 17, 2022 09:12 AM | InvestorsObserver Analysts

Beetle Coin (BEET) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the Digital Money has gained 46.64% to $0.0001962508942.

InvestorsObserver is giving Beetle Coin a 80 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 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BEET's high volatility reading pairs 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 trading above resistance. With support at $0.000109800342070114 and resistance at $0.000179725379748445. This positions Beetle Coin out of range and potentially in a volatile position if the rally burns out.

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.