NevaCoin receives a high 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.
Is NevaCoin a Risky Investment?
InvestorsObserver's risk rating system has flagged NevaCoin (NEVA) as a high-risk investment. This metric evaluates the stability of the coin's price by analyzing how much money it took to shift its value over the past 24 hours. The system also considers volume and market cap changes to gauge the coin's susceptibility to manipulation.
Scores range from 0 to 100, with lower scores indicating higher risk. NevaCoin's high risk rating suggests that its recent price movements have raised concerns about its manipulability.
Why Is This Important for Traders?
The risk assessment gauge is particularly useful for traders seeking to minimize or increase their exposure to risky investments. It highlights coins that may be more likely to be manipulated by limited trading activity.
Conclusion
NevaCoin's high risk ranking is a red flag for traders who prioritize risk management. The coin's recent price behavior has raised concerns about its manipulability, making it a potentially hazardous investment. Click here for a comprehensive analysis of NevaCoin (NEVA) with additional insights.
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