Is Golos Blockchain (GLS) Worth the Risk Tuesday?

12 views 5:14 am 0 Comments November 28, 2023

Golos Blockchain achieves a high-risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing how much money it took to shift its price over the last 24 hours and analyzing 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.

InvestorsObserver is giving Golos Blockchain a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Golos Blockchain!

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 -21.06 lower over the past 24 hours to its current price of $0.001433487. We have yet to receive volume and market capitalization data through our data provider. 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 need to be picked up by leading data providers. No recorded volume or market cap usually correlates with highly volatile coins that may not be the most significant investment choice for most investors. However, those looking for newer cryptos may find currencies such as Golos Blockchain extra intriguing.

Summary

The price volatility of GLS 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 about the coin’s manipulability as of now.