Monero Classic receives a high 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
XMC’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.
XMC has traded 7.44% lower over the past 24 hours to its current price of $0.37. This shift has occurred while volume is below its average level and the coin’s market capitalization has risen. The cryptocurrency now has a market capitalization of $7,173,034.77 while $27,700.19 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Monero Classic a high risk rating.
Summary
XMC’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 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