Namecoin 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.
The price of Namecoin is -22.38% lower over the last 24 hours, leading to its current value of $2.03. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $29,982,171.15, meanwhile $60,041.08 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 Namecoin a high risk analysis.
Namecoin (NMC) Do the Risks Outweigh the Rewards Saturday?
InvestorsObserver is giving Namecoin a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Namecoin!