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Is ProximaX (XPX) a Bad Investment Thursday?

Thursday, January 13, 2022 10:52 AM | InvestorsObserver Analysts
Is ProximaX (XPX) a Bad Investment Thursday?

ProximaX 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 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.

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

Trading Analysis

The risk gauge rank for XPX 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. XPX has traded 0.65% lower over the past 24 hours to its current price of $0.005264675. 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 $32,101,127.89 while $554,910.29 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 ProximaX a low risk rating.

Summary

XPX'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 ProximaX (XPX).

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