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

Saturday, March 05, 2022 07:33 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives Elementeum a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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 gauge rank for ELET 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. ELET has traded 72.89% lower over the past 24 hours to its current price of $0.008064963. 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 $42,124.22 while $76.75 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 high risk rating.

Summary

ELET's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on Elementeum (ELET).