Monero receives a low 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.
Trading Analysis
XMR’s current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
The price of Monero is -0.46% lower over the last 24 hours, leading to its current value of $167.46. The change in price goes along with volume being below its average level while the coin’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $3,040,719,855.12, meanwhile $127,557,443.24 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 Monero a low risk analysis.
Summary
XMR’s price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the coin’s manipulability as of now.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter