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SparksPay (SPK) Do the Risks Outweigh the Rewards Saturday?

Saturday, January 22, 2022 06:07 AM | InvestorsObserver Analysts
SparksPay (SPK) Do the Risks Outweigh the Rewards Saturday?

InvestorsObserver analysis gives SparksPay 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 SparksPay a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on SparksPay!

Trading Analysis

The risk gauge rank for SPK 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. SparksPay is 69.17% lower as of the last 24 hours of trading, resulting in its current price of $0.002421776. 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 $26,029.99 while $2.63 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 SPK a high risk assessment.

Summary

The price volatility of SPK 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 SparksPay (SPK).

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