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Is Monero (XMR) a Bad Investment Wednesday?

Wednesday, January 19, 2022 05:22 PM | InvestorsObserver Analysts
Is Monero (XMR) a Bad Investment Wednesday?

Monero achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

Trading Analysis

The risk gauge rank for XMR shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. XMR has traded -1.21% lower over the past 24 hours to its current price of $202.22. 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 $3,653,127,093.95 while $183,954,362.89 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 Monero a low risk rating.

Summary

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

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