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Is Band Protocol (BAND) a Bad Investment Wednesday?

Wednesday, January 05, 2022 10:50 AM | InvestorsObserver Analysts
Is Band Protocol (BAND) a Bad Investment Wednesday?

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

Trading Analysis

The risk gauge rank for BAND shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. BAND has traded 11.01% lower over the past 24 hours to its current price of $6.52. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $229,398,234.65 while $64,670,349.45 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 Band Protocol a low risk rating.

Summary

Recent price movement of BAND 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 Band Protocol (BAND).

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