BlueCoin (BLU) Do the Risks Outweigh the Rewards Monday?

Monday, January 03, 2022 06:51 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives BlueCoin 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 BlueCoin a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on BlueCoin!

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Trading Analysis

The risk gauge rank for BLU shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. BlueCoin is -50.00% lower as of the last 24 hours of trading, resulting in its current price of $0.000473059. The price movement has coincided with volume being below its average level and the coin's market capitalization fallen. The market capitalization for the coin now sits at $271,859.57 while $46.98 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 BLU a high risk assessment.

Summary

BLU's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on BlueCoin (BLU).