InvestorsObserver analysis gives Bytecoin 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.
The risk gauge rank for BCN shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Bytecoin is 49.64% lower over the last 24 hours, leading to its current value of $0.000040540. The change in price goes along with volume being below its average level while the coin’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $7,461,977.35, meanwhile $33,765.05 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 Bytecoin a high risk analysis.
The price volatility of BCN over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the coin’s manipulability as of now.
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