Is BitCoal (COAL) a bad investment on Saturday?
BitCoal performs a high-risk analysis based on InvestorsObserver to research. The proprietary system measures how much a coin can be manipulated by analyzing how much money it took to change its price in the last 24 hours, as well as analyzing recent changes in volume and market capitalization. The gauge is between 0 and 100, with lower scores corresponding to higher risk while higher values represent lower risk.
COAL‘s risk gauge score currently translates to a high risk investment. Portfolio managers who place a premium on risk assessment will find this indicator more relevant when trying to avoid (or uncover) riskier investments. BitCoal is 47.21% lower in the last 24 hours of trading, giving its current price of $0.003808117. The price movement coincided with volume below its average level and the market capitalization of the coin increased. The market cap of the coin now sits at $17,136.53, while $123.76 worth of crypto has been traded in the last 24 hours. Price movement against volume and market capitalization changes recently, gives COAL a high risk rating.
COAL’s price movement over the past trading day leads to a high-risk ranking, as its recent price movement against trading volume gives traders reason to be concerned about the coin’s maneuverability for the moment. Click here for the full BitCoal (COAL) report.