Is Concoin (CONX) Worth the Risk Wednesday?

Wednesday, December 15, 2021 02:38 PM | InvestorsObserver Analysts

Concoin receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

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

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Trading Analysis

The risk gauge rank for CONX 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 Concoin is -48.77% lower over the last 24 hours, leading to its current value of $0.000963816. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $717.34, meanwhile $13.55 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 Concoin a high risk analysis.

Summary

Recent price movement of CONX gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the coin's manipulability at the moment. Click Here to get the full Report on Concoin (CONX).