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Should You Sell USD Coin (USDC) Tuesday?

Tuesday, November 30, 2021 08:25 PM | InvestorsObserver Analysts
Should You Sell USD Coin (USDC) Tuesday?

An InvestorsObserver analysis gives USD Coin a high risk/reward gauge rank. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low ranks representing high risk while high values equate to low risk based on a 0 to 100 range.

Risk/Reward Score - Low
InvestorsObserver is giving USD Coin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on USD Coin!

Trading Analysis

The risk/reward score for USDC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. USD Coin is -0.18% lower as of the last 24 hours of trading, resulting in its current price of $1.00. 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 $38,643,177,887.89 while $5,586,909,268.33 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 USDC a high risk/reward rating.

Summary

The price volatility of USDC over the last 24 hours results in a high risk/reward score due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now. Click Here to get the full Report on USD Coin (USDC).

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