Ethereum Classic (ETC): Does the Reward Outweigh the Risks? – InvestorsObserver

0

Ethereum Classic receives an average 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.

Risk/Reward Score - Medium
InvestorsObserver is giving Ethereum Classic a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

ETC’s current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.

ETC has traded -0.95% lower over the past 24 hours to its current price of $15.50. This shift has occurred while volume is below its average level and the coin’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $2,222,715,910.71 while $86,612,884.23 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 Ethereum Classic an average risk rating.

Summary

Recent price movement of ETC gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the coin’s manipulability at the moment. Click Here to get the full Report on Ethereum Classic (ETC).
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
Stock Price data may be delayed up to 15 minutes.
Copyright © 2023. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy

source

Leave a Reply

Your email address will not be published. Required fields are marked *