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Is Tap (XTP) a Good Investment Friday?

Friday, September 23, 2022 02:49 PM | InvestorsObserver Analysts
Is Tap (XTP) a Good Investment Friday?

InvestorsObserver analysis gives Tap 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 Tap a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Tap!

Trading Analysis

XTP's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.
Tap is 94.81% lower as of the last 24 hours of trading, resulting in its current price of $0.000372271. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $458,604.51 while $103.72 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 XTP a high risk assessment.

Summary

Recent price movement of XTP gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token's manipulability at the moment. Click Here to get the full Report on Tap (XTP).

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