Frax (FRAX) Do the Risks Outweigh the Rewards Sunday?

Sunday, May 29, 2022 12:18 PM | InvestorsObserver Analysts

Frax 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.

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

See Full FRAX Report

Trading Analysis

FRAX's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. The price of Frax is -0.11% lower over the last 24 hours, leading to its current value of $1.00. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $1,426,901,401.40, meanwhile $8,853,437.90 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Frax a low risk analysis.

Summary

Recent price movement of FRAX 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 Frax (FRAX).