Is ApeCoin (APE) Worth the Risk Wednesday?

Wednesday, August 09, 2023 09:59 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives ApeCoin a low 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 ApeCoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on ApeCoin!

Trading Analysis

The risk gauge rank for APE shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of ApeCoin is 0.30% lower over the last 24 hours, leading to its current value of $1.85. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $682,007,299.14, meanwhile $59,540,220.82 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give ApeCoin a low risk analysis.

Summary

APE's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on ApeCoin (APE).

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