Soda Coin (SOC): How Risky is It Tuesday?

Tuesday, May 02, 2023 07:42 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Soda Coin a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

InvestorsObserver is giving Soda Coin a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Soda Coin!
See Full SOC Report

Trading Analysis

The risk gauge rank for SOC shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Soda Coin is 349.83% lower over the last 24 hours, leading to its current value of $0.000089996. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $170,091.76, meanwhile $17.87 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Soda Coin a high risk analysis.

Summary

Recent price movement of SOC gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token's manipulability at the moment. Click Here to get the full Report on Soda Coin (SOC).

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