InvestorsObserver analysis gives 2local a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.
Trading Analysis
2LC’s risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.
The price of 2local is 17.87% lower over the last 24 hours, leading to its current value of $0.000004942. The change in price goes along with volume being below its average level while the token’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $41,250.28, meanwhile $203.71 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 2local a high risk analysis.
Summary
Recent price movement of 2LC gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token’s manipulability at the moment.
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