Elementeum (ELET): Does the Reward Outweigh the Risks?

Tuesday, November 30, 2021 08:45 PM | InvestorsObserver Analysts

Elementeum receives a low risk/reward score from an 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 ranks representing high risk and high values equating to low risk.

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

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Trading Analysis

The risk/reward score for ELET shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. ELET has traded 98.47% lower over the past 24 hours to its current price of $0.02. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $81,719.40 while $207.98 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 Elementeum a low risk/reward rating.

Summary

Recent price movement of ELET gives the cryptocurrency a low risk/reward 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 Elementeum (ELET).