PegNet (PEG), High Volatility and Rising Saturday: Is it Time to Cash Out?

Saturday, February 12, 2022 07:41 PM | InvestorsObserver Analysts

PegNet (PEG) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has added 288% to $0.0003104648784.

InvestorsObserver is giving PegNet a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on PegNet!

See Full Report

Highly Volatile

InvestorsObserver gives PegNet a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. PEG'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.

PegNet price is trading above resistance. With support at $0.0000789675780440763 and resistance set at $0.000081165797634431. This leaves PegNet 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.