Chainlink (LINK): How Risky is It Wednesday?

Wednesday, April 19, 2023 02:15 PM | InvestorsObserver Analysts

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

See Full LINK Report

Trading Analysis

LINK'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. LINK has traded -6.55% lower over the past 24 hours to its current price of $8.02. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $4,146,916,178.97 while $514,269,527.56 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Chainlink a low risk rating.

Summary

LINK'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 token's manipulability as of now. Click Here to get the full Report on Chainlink (LINK).