Investors The analysis gives ChessCoin a high risk rating. The proprietary system calculates the amount of funds required to move the price over the past 24 hours with changes in volume and market value to detect whether cryptocurrencies can be easily manipulated by limited trading activity. Low values represent high risk while high points equal low risk based on a range from 0 to 100.
CHESS’s current degree of risk means that it is a relatively high-risk investment. Investors who are primarily interested in assessing risk will find this degree very useful for avoiding (or perhaps seeking out) risky investments. CHESS has been trading down 15.80% in the past 24 hours to its current price of $0.017443306. This shift occurred when the volume was below its mean and the market value of the currency rose. The market capitalization of the cryptocurrency is now $942,510.12 while $261.55 worth of the coin has been traded in the last 24 hours. The change in price in relation to the degree of volume and changes in market value gives ChessCoin a high risk rating.
CHESS’ 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 report on ChessCoin (CHESS).