Bitcoin 2 achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
Trading Analysis
BTC2’s current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
The price of Bitcoin 2 is 13.34% lower over the last 24 hours, leading to its current value of $0.56. 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 $9,969,333.51, meanwhile $1,398.55 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 Bitcoin 2 a high risk analysis.
Summary
The price volatility of BTC2 over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the coin’s manipulability as of now.
