Is Matryx (MTX) a bad investment on Saturday?

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Is Matryx (MTX) a bad investment on Saturday?

InvestorsObserver analysis gives Matryx a high risk Evaluation. The proprietary scoring system calculates how much money was needed to move the price over the past 24 hours with changes in volume and market capitalization to find out if a crypto can potentially be easily manipulated by limited trading activity. Low values ​​represent high risk while high scores represent low risk based on a range of 0 to 100.

Risk/Reward Score - High
InvestorsObserver gives Matryx a high risk/reward score. Find out what this means for you and get the rest of the leaderboard on Matryx!

Business analysis

The Risk Gauge ranking for MTX shows that the token is currently a high-risk investment. Risk-oriented traders will find the gauge most useful for avoiding (or adding to) risky investments. Matryx is 12.75% lower in the last 24 hours of trading, giving its current price of $0.005639556. The price movement coincided with volume below its average level and the market capitalization of the token increased. The token’s market cap now sits at $130,974.75, while $4.08 worth of crypto has been traded in the past 24 hours. Price movement against volume and market capitalization changes recently, gives MTX a high risk rating.

Summary

MTX’s recent price movement gives the cryptocurrency a high risk score due to past 24-hour price volatility versus volume changes, giving traders reason to be concerned about maneuverability token for now.

Click here for the full Matryx report (MTX).

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