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Is Ritocoin (RITO) Worth the Risk Monday?

Monday, March 04, 2024 04:08 PM | InvestorsObserver Analysts
Is Ritocoin (RITO) Worth the Risk Monday?

InvestorsObserver analysis gives Ritocoin a high 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.

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

The risk gauge rank for RITO shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
RITO has traded -35.27% lower over the past 24 hours to its current price of $0.000067530. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $122,217.78 while $0.77 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 Ritocoin a high risk rating.

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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