×
News Home

Loopring (LRC) Do the Risks Outweigh the Rewards Thursday?

Thursday, June 30, 2022 06:13 AM | InvestorsObserver Analysts
Loopring (LRC) Do the Risks Outweigh the Rewards Thursday?

Loopring achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token 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 - Low
InvestorsObserver is giving Loopring a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Loopring!

Trading Analysis

LRC's current risk score means it is a relatively low 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 Loopring is -6.21% lower over the last 24 hours, leading to its current value of $0.37. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $488,339,664.59, meanwhile $70,466,164.53 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 Loopring a low risk analysis.

Summary

The price volatility of LRC 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 token's manipulability as of now. Click Here to get the full Report on Loopring (LRC).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App