Is 0x (ZRX) a Bad Investment Friday?

Friday, May 20, 2022 10:59 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives 0x a low 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 0x a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on 0x!

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Trading Analysis

ZRX's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. 0x is 19.77% lower as of the last 24 hours of trading, resulting in its current price of $0.46. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $386,381,075.31 while $176,170,946.99 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 ZRX a low risk assessment.

Summary

Recent price movement of ZRX gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on 0x (ZRX).