Is Factom (FCT) a Good Investment Saturday?

Saturday, July 09, 2022 10:21 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Factom 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 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 current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. FCT has traded -36.80% lower over the past 24 hours to its current price of $0.20. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $2,024,250.49 while $304.48 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).