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

Tuesday, June 21, 2022 12:36 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Phoenixcoin (PXC) Tuesday?

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.
Phoenixcoin is -34.07% lower as of the last 24 hours of trading, resulting in its current price of $0.006633816. The price movement has coincided with volume being below its average level and the coin's market capitalization fallen. The market capitalization for the coin now sits at $574,175.31 while $69.69 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 PXC a high risk assessment.

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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