PegNet (PEG) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has lost 38.23% to $0.01669055963.
Highly Volatile
InvestorsObserver gives PegNet a high volatility rank of 92, placing it in the top 8% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
PEG'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.
PegNet price is in a favorable position going forward. With support at $0.00837414635956828 and resistance near $0.0214016020172888. This positions PegNet 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.
