GoByte (GBX): Does the Reward Outweigh the Risks?

Thursday, February 03, 2022 06:56 PM | InvestorsObserver Analysts

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

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Trading Analysis

GBX's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. GoByte is -28.11% lower as of the last 24 hours of trading, resulting in its current price of $0.010360455. 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 $99,199.05 while $59.78 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 GBX a high risk assessment.

Summary

Recent price movement of GBX 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 coin's manipulability at the moment. Click Here to get the full Report on GoByte (GBX).