Is XTRABYTES (XBY) a Bad Investment Sunday?

Sunday, December 31, 2023 08:31 AM | InvestorsObserver Analysts

XTRABYTES 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 coin 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.

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

See Full XBY Report

Trading Analysis

XBY's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. XBY has traded -23.94 lower over the past 24 hours to its current price of $0.000510134. Currently, volume and market capitalization data is not being received 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 extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as XTRABYTES extra intriguing.

Summary

XBY's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on XTRABYTES (XBY).