InvestorsObserver analysis gives Woodcoin 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.
LOG’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 Woodcoin is -33.30% lower over the last 24 hours, leading to its current value of $0.55. The change in price goes along with volume being below its average level while the coin’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $4,426,654.79, meanwhile $17,202.19 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 Woodcoin a high risk analysis.
Recent price movement of LOG 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 coin’s manipulability at the moment.
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