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Symbol (XYM) Do the Risks Outweigh the Rewards Monday?

Monday, March 04, 2024 03:20 PM | InvestorsObserver Analysts
Symbol (XYM) Do the Risks Outweigh the Rewards Monday?

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

Trading Analysis

The risk gauge rank for XYM 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.
XYM has traded 19.92% lower over the past 24 hours to its current price of $0.035111966. 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 $206,158,541.26 while $3,982,225.75 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 Symbol a high risk rating.

Summary

XYM's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on Symbol (XYM).

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