Skycoin 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. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.
The risk gauge rank for SKY 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 Skycoin is 11.75% lower over the last 24 hours, leading to its current value of $0.10. 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 $2,122,632.93, meanwhile $493.13 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 Skycoin a high risk analysis.
SKY’s price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin’s manipulability as of now.
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