Is Immutable X (IMX) a Good Investment Friday?

Friday, March 25, 2022 06:56 AM | InvestorsObserver Analysts

Immutable X 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 token 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 Immutable X a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Immutable X!

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Trading Analysis

The risk gauge rank for IMX shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. Immutable X is -0.78% lower as of the last 24 hours of trading, resulting in its current price of $2.19. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $515,545,525.00 while $142,972,737.22 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 IMX a low risk assessment.

Summary

IMX's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Immutable X (IMX).