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What Does a Risk Analysis Say About SparksPay (SPK) Thursday?

Thursday, June 23, 2022 04:32 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About SparksPay (SPK) Thursday?

SparksPay achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

Trading Analysis

The risk gauge rank for SPK shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of SparksPay is 52.16% lower over the last 24 hours, leading to its current value of $0.002301002. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $25,479.91, meanwhile $4.04 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 SparksPay a high risk analysis.

Summary

Recent price movement of SPK 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 SparksPay (SPK).

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