Is Ethereum Gold (ETG) a Bad Investment Thursday?

Thursday, December 09, 2021 08:32 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Ethereum Gold 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.

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

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Trading Analysis

ETG'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. Ethereum Gold is 87.41% lower as of the last 24 hours of trading, resulting in its current price of $0.037887953. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $765,335.63 while $0.24 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 ETG a high risk assessment.

Summary

ETG'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 token's manipulability as of now. Click Here to get the full Report on Ethereum Gold (ETG).