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What Does a Risk Analysis Say About Phoenixcoin (PXC) Friday?

Friday, December 08, 2023 07:39 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Phoenixcoin (PXC) Friday?

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

Trading Analysis

PXC's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.
PXC has traded 1.99 lower over the past 24 hours to its current price of $0.007965373. Currently, volume and market capitalization data is not being received through our data provider. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Phoenixcoin extra intriguing.

Summary

Recent price movement of PXC 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 Phoenixcoin (PXC).

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