Is Factom (FCT) a Bad Investment Saturday?

Saturday, March 05, 2022 08:36 AM | InvestorsObserver Analysts

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

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Trading Analysis

FCT'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. FCT has traded 36.44% lower over the past 24 hours to its current price of $0.90. 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 $9,241,821.11 while $2,439.22 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 Factom a high risk rating.

Summary

FCT'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 Factom (FCT).