Is Monero (XMR) Worth the Risk Friday?

Friday, January 07, 2022 06:16 AM | InvestorsObserver Analysts

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

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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 1.16% lower over the past 24 hours to its current price of $201.82. 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 $3,644,646,692.93 while $179,025,523.30 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

XMR'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 coin's manipulability as of now. Click Here to get the full Report on Monero (XMR).