ByteNext (BNU): Does the Reward Outweigh the Risks?

Friday, March 29, 2024 09:34 AM | InvestorsObserver Analysts

ByteNext achieves a high 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 ByteNext a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on ByteNext!

See Full BNU Report

Trading Analysis

BNU's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. BNU has traded -0.35 lower over the past 24 hours to its current price of $0.001213759. Currently, volume and market capitalization data is not being received through our data provider. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as ByteNext extra intriguing.

Summary

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