Polymesh (POLYX) Receives Moderate Risk Rating in Investor Analysis
Crypto News – InvestorsObserver‘s proprietary risk analysis system has assigned an average risk rating to Polymesh, also known as POLYX. This unique scoring method assesses the funds required to influence price movements over the past 24 hours. It considers recent fluctuations in trading volume and market capitalization to gauge the susceptibility of a token to manipulation. The risk score falls within a scale of 0 to 100, with lower scores indicating higher risk and higher scores indicating lower risk.
Trading Analysis
According to InvestorsObserver’s risk assessment, POLYX is currently classified as a moderate-risk investment. Traders who prioritize risk management will find this assessment valuable for making informed decisions on adding or avoiding high-risk assets.
Over the past 24 hours, Polymesh has experienced a 25.79% decrease in value, resulting in its current price of $0.36. This price movement has occurred in conjunction with trading volume remaining below its average level, while the token’s market capitalization has increased. As of the latest data, the market capitalization of POLYX stands at $269,539,106.89, with approximately $255,463,600.22 worth of the cryptocurrency being traded during the same period. Considering the recent price movements in relation to changes in trading volume and market capitalization, POLYX has received an average risk assessment.
Summary
The recent price fluctuations in POLYX have led to an average risk score for this cryptocurrency. These movements over the past 24 hours suggest that traders need not be overly concerned about the token’s susceptibility to manipulation at this moment.”
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