Golos Blockchain (GLS) Do the Risks Outweigh the Rewards Sunday?

Golos Blockchain 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 volume and market cap changes to evaluate how much a coin can be manipulated trading. The changes range from 0 to 100, with low scores representing high risk and high values equating to low risk.

Trading Analysis

GLS’s risk gauge score translates to a high-risk investment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.

GLS has traded -18.16 lower over the past 24 hours to its current price of $0.001074901. Currently, our data provider does not receive volume and market capitalization data. The lack of available data is typically a sign of either a new coin or token brought to market or one with deficient volume and value levels that leading data providers do not pick up. No recorded volume or market cap usually correlates with highly volatile coins, which may not be the greatest investment choice for most investors. However, those most significant for newer cryptos may find coins such as Golos Blockchain extra intriguing.

Summary

The recent price movement of GLS gives the cryptocurrency a high-risk score due to the past 24 hours of price volatility and volume changes, making traders concerned about the coin’s manipulability.