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BoringDAO (BOR): How Risky is It Wednesday?

Wednesday, December 29, 2021 06:50 AM | InvestorsObserver Analysts
BoringDAO (BOR): How Risky is It Wednesday?

BoringDAO receives a high 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.

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

Trading Analysis

BOR's risk gauge score translates to a high 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. BoringDAO is 6.71% lower as of the last 24 hours of trading, resulting in its current price of $578.21. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $82,151,141.18 while $81,791.70 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives BOR a high risk assessment.

Summary

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

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