Dragonchain (DRGN): Does the Reward Outweigh the Risks?

Thursday, March 28, 2024 04:22 PM | InvestorsObserver Analysts

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

See Full DRGN Report

Trading Analysis

DRGN'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. Dragonchain is 40.52% lower as of the last 24 hours of trading, resulting in its current price of $0.07. 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 $26,137,595.52 while $117,470.05 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 DRGN a high risk assessment.

Summary

The price volatility of DRGN over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on Dragonchain (DRGN).