Is Bitzeny (ZNY) a Bad Investment Sunday?

Sunday, January 30, 2022 10:24 AM | InvestorsObserver Analysts

Bitzeny 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.

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

See Full ZNY Report

Trading Analysis

The risk gauge rank for ZNY 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. The price of Bitzeny is 50.92% lower over the last 24 hours, leading to its current value of $0.001137243. 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 $85,992.03, meanwhile $0.78 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 Bitzeny a high risk analysis.

Summary

ZNY'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 Bitzeny (ZNY).