DEXTools (DEXT): How Risky is It Friday?

Friday, December 24, 2021 01:55 PM | InvestorsObserver Analysts

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

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Trading Analysis

The risk gauge rank for DEXT shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. DEXTools is 17.19% lower as of the last 24 hours of trading, resulting in its current price of $0.50. 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 $50,475,522.15 while $819,629.45 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 DEXT a high risk assessment.

Summary

Recent price movement of DEXT 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 DEXTools (DEXT).