USD Coin (USDC) Do the Risks Outweigh the Rewards Sunday?

Sunday, September 04, 2022 11:50 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives USD Coin a low 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.

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!

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Trading Analysis

USDC's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. The price of USD Coin is 0.00% lower over the last 24 hours, leading to its current value of $1.00. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $51,876,600,634.35, meanwhile $6,207,773,179.02 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give USD Coin a low risk analysis.

Summary

USDC's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on USD Coin (USDC).