Is Covesting (COV) a Good Investment Wednesday?

Wednesday, May 17, 2023 06:52 PM | InvestorsObserver Analysts

Covesting achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

Trading Analysis

COV's risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.
The price of Covesting is 2.79% lower over the last 24 hours, leading to its current value of $0.14. 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 $2,375,179.30, meanwhile $269,778.98 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 Covesting a low risk analysis.

Summary

COV'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 Covesting (COV).

Share this article: