Netbox Coin (NBX), High Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, April 27, 2022 09:00 AM | InvestorsObserver Analysts

Netbox Coin (NBX) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 46.8% to $0.0007784423236.

InvestorsObserver is giving Netbox Coin a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Netbox Coin!

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Highly Volatile

InvestorsObserver gives Netbox Coin a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. NBX's high volatility reading comes 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.

Netbox Coin price is in a good position going forward. With support around $0.00036062641780491 and resistance at $0.00109699500504549. This positions Netbox 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.