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Is Bitcoin Atom (BCA) a Bad Investment Monday?

Monday, September 12, 2022 12:32 PM | InvestorsObserver Analysts
Is Bitcoin Atom (BCA) a Bad Investment Monday?

InvestorsObserver analysis gives Bitcoin Atom 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.

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

Trading Analysis

BCA'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.
The price of Bitcoin Atom is 62.55% lower over the last 24 hours, leading to its current value of $0.10. 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 $1,755,697.80, meanwhile $353.16 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 Bitcoin Atom a high risk analysis.

Summary

BCA'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 Bitcoin Atom (BCA).

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