What Does a Risk Analysis Say About Wrapped BNB (WBNB) Tuesday?

Tuesday, March 26, 2024 07:41 AM | InvestorsObserver Analysts

Wrapped BNB receives a low 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 token 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 Wrapped BNB a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Wrapped BNB!
See Full WBNB Report

Trading Analysis

WBNB'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.
WBNB has traded 2.08% lower over the past 24 hours to its current price of $593.69. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $1,146,735,535.52 while $486,991,924.07 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Wrapped BNB a low risk rating.

Summary

Recent price movement of WBNB gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on Wrapped BNB (WBNB).

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