Is Bitcoin Plus (XBC) worth the risk on Thursday?
InvestorsObserver analysis gives Bitcoin Plus a high risk rating. The proprietary scoring system calculates how much money was needed to move the price over the past 24 hours with changes in volume and market capitalization to determine if a crypto is potentially easily manipulated by limited trading activity. Low values represent high risk while high scores correspond to low risk based on a 0 to 100 range.
Trade analysis
XBC’s risk meter score translates to a high risk investment at the moment. Portfolio managers who weight risk assessment heavily will find this metric more relevant when trying to avoid (or detect) riskier investments. Bitcoin Plus is -34.73% lower in the last 24 hours of trading, resulting in the current price of $2.24. The price movement has coincided with the volume being below the average level and the coin’s market value falling. The market cap for the coin is now $464,602.89, while $578.40 worth of crypto has been traded in the last 24 hours. The price movement in relation to the changes in volume and market value recently, gives XBC a high risk rating.
Summary
XBC’s price movement over the last trading day leads to a high risk rating as the recent price movement relative to trading volume gives traders reason to be concerned about the coin’s manipulability as of now. Click here to get the full report on Bitcoin Plus (XBC).
