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Should You Sell Zenon (ZNN) Monday?

Monday, January 17, 2022 06:59 AM | InvestorsObserver Analysts
Should You Sell Zenon (ZNN) Monday?

InvestorsObserver analysis gives Zenon a high risk assessment. 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 values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

Trading Analysis

ZNN's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. ZNN has traded -4.90% lower over the past 24 hours to its current price of $14.68. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $92,933,434.78 while $320,986.55 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 Zenon a high risk rating.

Summary

Recent price movement of ZNN 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 Zenon (ZNN).

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