Is PIVX (PIVX) Worth the Risk Friday?

Friday, September 16, 2022 02:20 PM | InvestorsObserver Analysts

PIVX receives an average 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 coin 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 PIVX a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on PIVX!

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Trading Analysis

PIVX's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. PIVX has traded 14.68% lower over the past 24 hours to its current price of $0.38. 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 $26,305,617.79 while $7,005,884.44 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 PIVX an average risk rating.

Summary

PIVX's price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the coin's manipulability as of now. Click Here to get the full Report on PIVX (PIVX).