Saturday, March 25, 2023 09:40 AM | InvestorsObserver Analysts
Phore 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.
InvestorsObserver is giving Phore a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Phore!
The risk gauge rank for PHR 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.
Phore is 50.22% lower as of the last 24 hours of trading, resulting in its current price of $0.007974195. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $233,392.01 while $29.82 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 PHR a high risk assessment.
Summary
Recent price movement of PHR 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 coin's manipulability at the moment.
Click Here to get the full Report on Phore (PHR).
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