ETNA Network (ETNA): Does the Reward Outweigh the Risks?

Thursday, March 28, 2024 06:27 AM | InvestorsObserver Analysts

ETNA Network receives a high risk rating from 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 scores representing high risk and high values equating to low risk.

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

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Trading Analysis

ETNA'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. ETNA has traded -44.18% lower over the past 24 hours to its current price of $0.000523711. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $6,326.19 while $3.09 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 ETNA Network a high risk rating.

Summary

ETNA'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 ETNA Network (ETNA).