Ergo (ERG): Does the Reward Outweigh the Risks?

Wednesday, June 21, 2023 11:52 AM | InvestorsObserver Analysts

Ergo achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin 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 Ergo a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Ergo!

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Trading Analysis

The risk gauge rank for ERG shows the coin is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. Ergo is 7.73% lower as of the last 24 hours of trading, resulting in its current price of $1.27. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $74,712,644.40 while $689,525.77 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 ERG an average risk assessment.

Summary

Recent price movement of ERG gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the coin's manipulability at the moment. Click Here to get the full Report on Ergo (ERG).