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Is Bitcoin Classic (BXC) a Bad Investment Sunday?

Sunday, November 19, 2023 03:42 PM | InvestorsObserver Analysts
Is Bitcoin Classic (BXC) a Bad Investment Sunday?

Bitcoin Classic 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.

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

Trading Analysis

The risk gauge rank for BXC 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.
BXC has traded 10.68% lower over the past 24 hours to its current price of $3,644.80. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $2,187,417,955.24 while $416,455.58 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Bitcoin Classic a high risk rating.

Summary

BXC'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 Classic (BXC).

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