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Is Ethereum Classic (ETC) a Bad Investment Wednesday?

Wednesday, April 13, 2022 10:31 AM | InvestorsObserver Analysts
Is Ethereum Classic (ETC) a Bad Investment Wednesday?

Ethereum Classic receives a low 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.

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

Trading Analysis

ETC'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.
Ethereum Classic is 1.52% lower as of the last 24 hours of trading, resulting in its current price of $38.24. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $5,130,928,546.33 while $644,520,500.89 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 ETC a low risk assessment.

Summary

Recent price movement of ETC 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 coin's manipulability at the moment. Click Here to get the full Report on Ethereum Classic (ETC).

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