Is Memetic / PepeCoin (MEME) Worth the Risk Friday?

Friday, January 07, 2022 04:39 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives Memetic / PepeCoin 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 Memetic / PepeCoin a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Memetic / PepeCoin!

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Trading Analysis

MEME'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. MEME has traded 5.78% lower over the past 24 hours to its current price of $0.025146749. 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 $751,229.54 while $2,105.39 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 Memetic / PepeCoin a high risk rating.

Summary

Recent price movement of MEME gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the coin's manipulability at the moment. Click Here to get the full Report on Memetic / PepeCoin (MEME).