Golem (GLM): How Risky is It Friday?

Friday, March 29, 2024 06:05 AM | InvestorsObserver Analysts

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

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Trading Analysis

GLM'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. The price of Golem is 4.88% lower over the last 24 hours, leading to its current value of $0.66. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $655,109,526.88, meanwhile $366,636,314.37 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 Golem a low risk analysis.

Summary

The price volatility of GLM over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Golem (GLM).