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What Does a Risk Analysis Say About Phore (PHR) Wednesday?

Wednesday, February 28, 2024 02:51 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Phore (PHR) Wednesday?

InvestorsObserver analysis gives Phore a high 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.

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

Trading Analysis

PHR's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
PHR has traded 72.80 lower over the past 24 hours to its current price of $0.004945227. 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 Phore extra intriguing.

Summary

Recent price movement of PHR 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 Phore (PHR).

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