Beer Money (BEER) Surges 21.35%, Outperforms Crypto Market on Sunday
beer money (BEER) has been relatively more volatile than the crypto market. So far on Sunday, the crypto has gained 21.35% to $0.006204170522.
InvestorsObserver gives Beer Money a high volatility ranking of 76, placing it in the top 24% of cryptos in the market.
The volatility gauge tracks which means a day will not define its volatility rank – a trend will. The high volatility reading of BEER is accompanied by a low reading on the risk/reward gauge, which means the token has relatively large price swings and is well protected against price manipulation.
Money beer price is trading above resistance. With support set at 0.00475710777407903 and resistance set at 0.00582301810225862. This positions Beer Money out of reach and potentially in a volatile position if the rally wears off.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
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