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Velas (VLX) Do the Risks Outweigh the Rewards Tuesday?

Tuesday, February 27, 2024 12:00 PM | InvestorsObserver Analysts
Velas (VLX) Do the Risks Outweigh the Rewards Tuesday?

Velas achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

Trading Analysis

The risk gauge rank for VLX 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.
VLX has traded 16.59% lower over the past 24 hours to its current price of $0.019192199. 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 $49,162,689.19 while $1,535,255.97 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 Velas a high risk rating.

Summary

Recent price movement of VLX 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 Velas (VLX).

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