Is WAX (WAXP) a Bad Investment Thursday?

Thursday, February 03, 2022 09:01 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives WAX a low 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.

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

See Full WAXP Report

Trading Analysis

WAXP's risk gauge score translates to a low 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. WAX is -0.52% lower as of the last 24 hours of trading, resulting in its current price of $0.33. 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 $634,189,723.02 while $49,409,577.80 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 WAXP a low risk assessment.

Summary

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