Concoin (CONX) Do the Risks Outweigh the Rewards Wednesday?

Wednesday, December 01, 2021 08:39 AM | InvestorsObserver Analysts

Concoin receives a low risk/reward score from an 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 ranks representing high risk and high values equating to low risk.

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

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Trading Analysis

CONX's current risk/reward score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. Concoin is -50.44% lower as of the last 24 hours of trading, resulting in its current price of $0.00. 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 $856.80 while $7.01 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 CONX a low risk/reward rating.

Summary

Recent price movement of CONX gives the cryptocurrency a low risk/reward score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the coin's manipulability at the moment. Click Here to get the full Report on Concoin (CONX).