What Does a Risk Analysis Say About SkinCoin (SKIN) Tuesday?

Tuesday, July 26, 2022 07:52 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives SkinCoin an average 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 SkinCoin a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on SkinCoin!

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Trading Analysis

SKIN's risk gauge score translates to a moderate 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. The price of SkinCoin is -30.66% lower over the last 24 hours, leading to its current value of $0.000480751. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $42,394.32, meanwhile $15,861.93 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give SkinCoin an average risk analysis.

Summary

Recent price movement of SKIN gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token's manipulability at the moment. Click Here to get the full Report on SkinCoin (SKIN).