Phore (PHR): How Risky is It Sunday?

Sunday, October 02, 2022 09:32 AM | InvestorsObserver Analysts

Phore 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.

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!

See Full PHR Report

Trading Analysis

PHR'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. PHR has traded 32.55% lower over the past 24 hours to its current price of $0.007919712. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $156,248.30 while $171.00 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Phore a high risk rating.

Summary

The price volatility of PHR 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 Phore (PHR).