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Binance Coin (BNB): Does the Reward Outweigh the Risks?

Tuesday, November 30, 2021 08:24 PM | InvestorsObserver Analysts
Binance Coin (BNB): Does the Reward Outweigh the Risks?

An InvestorsObserver analysis gives Binance Coin a high risk/reward gauge rank. 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 ranks representing high risk while high values equate to low risk based on a 0 to 100 range.

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

Trading Analysis

BNB's risk/reward rank 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 Binance Coin is -0.11% lower over the last 24 hours, leading to its current value of $628.04. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $104,758,381,216.86, meanwhile $2,764,573,248.26 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 Binance Coin a high risk/reward rating.

Summary

BNB's price movement over the past day of trading gives it a high risk/reward score as its recent price movement relative to trading volume gives traders reason to be confident on the coin's manipulability as of now. Click Here to get the full Report on Binance Coin (BNB).

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