Wrapped BNB (WBNB): How Risky is It Wednesday?

Wednesday, January 24, 2024 08:02 AM | InvestorsObserver Analysts

Wrapped BNB 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 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 current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
WBNB has traded -0.08% lower over the past 24 hours to its current price of $295.97. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $584,561,771.92 while $179,336,032.18 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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