Is Bitcoin Plus (XBC) worth the risk Saturday?
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 current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in avoiding (or potentially seeking out) risky investments. XBC has traded -25.89% lower in the last 24 hours to its current price of $3.38. This shift has occurred while volume is below average levels and the coin’s market value has fallen. The cryptocurrency now has a market cap of $693,560.61 while $714.06 worth of the coin has traded in the last 24 hours. The price change in relation to volume and market value changes gives Bitcoin Plus a high risk rating.
Summary
Recent price movement of XBC gives the cryptocurrency a high risk score due to the last 24 hours of price volatility relative to volume changes, giving traders reason to be concerned about the coin’s manipulability at the moment. Click here to get the full report on Bitcoin Plus (XBC).
