DeFi Pulse Index (DPI) Do the Risks Outweigh the Rewards Thursday?

Thursday, September 28, 2023 04:28 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives DeFi Pulse Index a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

Trading Analysis

The risk gauge rank for DPI 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.
DeFi Pulse Index is 6.12% lower as of the last 24 hours of trading, resulting in its current price of $67.87. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $37,935,970.16 while $13,346.79 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives DPI a high risk assessment.

Summary

DPI'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 token's manipulability as of now. Click Here to get the full Report on DeFi Pulse Index (DPI).

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