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Is Velas (VLX) Worth the Risk Sunday?

Sunday, December 26, 2021 10:49 AM | InvestorsObserver Analysts
Is Velas (VLX) Worth the Risk Sunday?

Velas 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.

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

Trading Analysis

The risk gauge rank for VLX 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. Velas is 11.37% lower as of the last 24 hours of trading, resulting in its current price of $0.28. 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 $637,314,622.22 while $4,212,828.10 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 VLX a high risk assessment.

Summary

Recent price movement of VLX 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 coin's manipulability at the moment. Click Here to get the full Report on Velas (VLX).

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