EDRCoin (EDRC) Do the Risks Outweigh the Rewards Thursday?

Thursday, March 03, 2022 08:38 AM | InvestorsObserver Analysts

EDRCoin achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

See Full EDRC Report

Trading Analysis

EDRC's current risk 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. The price of EDRCoin is 17.63% lower over the last 24 hours, leading to its current value of $0.008736183. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $25,607.71, meanwhile $16.80 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 EDRCoin a high risk analysis.

Summary

The price volatility of EDRC over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on EDRCoin (EDRC).