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Should You Buy XOVBank (XOV) Thursday?

Thursday, December 09, 2021 07:17 AM | InvestorsObserver Analysts
Should You Buy XOVBank (XOV) Thursday?

XOVBank 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 token 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 XOVBank a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on XOVBank!

Trading Analysis

XOV'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. XOVBank is -58.25% lower as of the last 24 hours of trading, resulting in its current price of $0.000128808. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $18,259.36 while $13.31 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 XOV a high risk assessment.

Summary

Recent price movement of XOV 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 token's manipulability at the moment. Click Here to get the full Report on XOVBank (XOV).

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