Iconic (ICON) Do the Risks Outweigh the Rewards Tuesday?

Tuesday, December 28, 2021 07:23 PM | InvestorsObserver Analysts

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

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Trading Analysis

The risk gauge rank for ICON 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. ICON has traded -5.19 lower over the past 24 hours to its current price of $0.004780518. Currently, volume and market capitalization data is not being received through our data provider. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Iconic extra intriguing.

Summary

ICON'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 Iconic (ICON).