LikeCoin (LIKE): How Risky is It Saturday?

Saturday, January 01, 2022 12:17 PM | InvestorsObserver Analysts

LikeCoin 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 token 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.

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

See Full LIKE Report

Trading Analysis

LIKE'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. The price of LikeCoin is 8.09% lower over the last 24 hours, leading to its current value of $0.030267162. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $30,797,644.54, meanwhile $69,320.01 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give LikeCoin a high risk analysis.

Summary

Recent price movement of LIKE 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 LikeCoin (LIKE).