Cardano (ADA) Do the Risks Outweigh the Rewards Saturday?
Saturday, June 03, 2023 08:35 AM | InvestorsObserver Analysts
InvestorsObserver analysis gives Cardano a low risk assessment. 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 values representing high risk while high scores equate to low risk based on a 0 to 100 range.
InvestorsObserver is giving Cardano a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Cardano!
ADA'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.
Cardano is 0.01% lower as of the last 24 hours of trading, resulting in its current price of $0.38. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $13,133,005,474.61 while $139,586,350.74 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 ADA a low risk assessment.
Summary
ADA's price movement over the past day of trading leads to a low risk ranking 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 Cardano (ADA).
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