Blockchain Monster Hunt (BCMC): Does the Reward Outweigh the Risks?

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Friday, February 09, 2024 10:48 AM | InvestorsObserver Analysts

Blockchain Monster Hunt 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 token 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.

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

Trading Analysis

The risk gauge rank for BCMC shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

BCMC has traded 4.25% lower over the past 24 hours to its current price of $0.006729787. This shift has occurred while volume is below its average level and the token’s market capitalization has risen. The cryptocurrency now has a market capitalization of $1,598,824.97 while $30,471.85 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Blockchain Monster Hunt a high risk rating.

Summary

The price volatility of BCMC 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 token’s manipulability as of now.

Click Here to get the full Report on Blockchain Monster Hunt (BCMC).

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