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Is Helix (HLIX) a Good Investment Wednesday?

Wednesday, December 01, 2021 07:26 AM | InvestorsObserver Analysts
Is Helix (HLIX) a Good Investment Wednesday?

An InvestorsObserver analysis gives Helix a low risk/reward gauge rank. 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 ranks representing high risk while high values equate to low risk based on a 0 to 100 range.

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

Trading Analysis

The risk/reward score for HLIX 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. HLIX has traded 102.48% lower over the past 24 hours to its current price of $0.01. 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 $227,774.46 while $27.88 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 Helix a low risk/reward rating.

Summary

The price volatility of HLIX over the last 24 hours results in a low risk/reward score due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on Helix (HLIX).

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