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Is Ritocoin (RITO) a Bad Investment Friday?

Friday, December 08, 2023 07:00 PM | InvestorsObserver Analysts
Is Ritocoin (RITO) a Bad Investment Friday?

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

Trading Analysis

RITO'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.
Ritocoin is 2.07% lower as of the last 24 hours of trading, resulting in its current price of $0.000088408. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $159,439.37 while $12.54 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 RITO a high risk assessment.

Summary

RITO's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on Ritocoin (RITO).

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