Celer Network (CELR): Does the Reward Outweigh the Risks?
Sunday, January 29, 2023 10:50 AM | InvestorsObserver Analysts
Celer Network receives an average 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.
InvestorsObserver is giving Celer Network a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Celer Network!
CELR's risk gauge score translates to a moderate 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.
Celer Network is 7.18% lower as of the last 24 hours of trading, resulting in its current price of $0.018833751. 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 $133,446,324.67 while $16,761,472.77 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 CELR an average risk assessment.
Summary
Recent price movement of CELR gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token's manipulability at the moment.
Click Here to get the full Report on Celer Network (CELR).
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