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Enjin Coin (ENJ): How Risky is It Sunday?

Sunday, July 17, 2022 06:42 AM | InvestorsObserver Analysts
Enjin Coin (ENJ): How Risky is It Sunday?

Enjin Coin 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.

Risk/Reward Score - Low
InvestorsObserver is giving Enjin Coin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Enjin Coin!

Trading Analysis

ENJ'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.
Enjin Coin is 4.29% lower as of the last 24 hours of trading, resulting in its current price of $0.51. 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 $457,847,431.33 while $65,260,637.42 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 ENJ a low risk assessment.

Summary

Recent price movement of ENJ gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on Enjin Coin (ENJ).

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