ColossusXT achieves high risk analysis based on Investors Research. The proprietary system measures how much a currency can be manipulated by analyzing how much money it has taken to change its price in the past 24 hours along with analyzing recent changes in volume and market value. The scale is between 0 and 100 with lower scores equaling higher risks and higher values representing lower risks.
The COLX Risk Scale score translates to a high-risk investment at the moment. Portfolio managers who weigh risk assessment significantly will find this metric more relevant when trying to avoid (or discover) riskier investments. COLX has been trading down -1.31% in the past 24 hours to its current price of $0.000432053. This shift occurred when the volume was below its mean and the market value of the currency declined. The cryptocurrency market cap is now $5,501,058.94 while the cryptocurrency has traded $26.61 over the past 24 hours. The price change in relation to volume and market value changes gives ColossusXT a high risk rating.
COLX’s price action over the past day of trading results in a high risk rating as recent price action relative to trading volume gives traders reason to worry about the potential for currency manipulation thus far. Click here for the full ColossusXT (COLX) report.