Is Monero (XMR) Worth the Risk Wednesday?

Wednesday, November 08, 2023 11:06 AM | InvestorsObserver Analysts

Monero receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

InvestorsObserver is giving Monero a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Monero!

Trading Analysis

The risk gauge rank for XMR shows the coin is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Monero is 2.08% lower as of the last 24 hours of trading, resulting in its current price of $167.25. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $3,069,875,989.52 while $108,960,719.99 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives XMR an average risk assessment.


XMR's price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the coin's manipulability as of now. Click Here to get the full Report on Monero (XMR).

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