Is ReddCoin (RDD) a Good Investment Saturday?

Saturday, July 09, 2022 09:07 AM | InvestorsObserver Analysts

ReddCoin achieves a high 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.

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

See Full RDD Report

Trading Analysis

RDD'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. ReddCoin is -42.63% lower as of the last 24 hours of trading, resulting in its current price of $0.000369814. The price movement has coincided with volume being below its average level and the coin's market capitalization fallen. The market capitalization for the coin now sits at $11,241,332.61 while $5,166.55 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives RDD a high risk assessment.

Summary

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