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Novacoin (NVC): Does the Reward Outweigh the Risks?

Sunday, June 26, 2022 07:45 AM | InvestorsObserver Analysts
Novacoin (NVC): Does the Reward Outweigh the Risks?

Novacoin 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 coin 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.

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

Trading Analysis

The risk gauge rank for NVC 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.
Novacoin is -36.11% lower as of the last 24 hours of trading, resulting in its current price of $0.012024258. 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 $28,085.74 while $0.60 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 NVC a high risk assessment.


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

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