What Does a Risk Analysis Say About Immutable X (IMX) Wednesday?
Wednesday, June 22, 2022 06:04 AM | InvestorsObserver Analysts
InvestorsObserver analysis gives Immutable X 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 Immutable X a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Immutable X!
The risk gauge rank for IMX shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Immutable X is -5.32% lower as of the last 24 hours of trading, resulting in its current price of $0.78. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $183,505,759.97 while $57,195,183.73 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 IMX a low risk assessment.
Summary
Recent price movement of IMX gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment.
Click Here to get the full Report on Immutable X (IMX).
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