What Does a Risk Analysis Say About Waves Community Token (WCT) Monday?

Monday, December 06, 2021 10:14 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Waves Community Token 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.

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

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Trading Analysis

WCT'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. Waves Community Token is 54.89% lower as of the last 24 hours of trading, resulting in its current price of $0.14. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $1,434,900.11 while $5.63 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 WCT a high risk assessment.

Summary

WCT's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on Waves Community Token (WCT).