Is Basic Attention Token (BAT) a Bad Investment Tuesday?

Tuesday, July 05, 2022 10:10 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Basic Attention Token an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

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Trading Analysis

BAT's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. BAT has traded 8.57% lower over the past 24 hours to its current price of $0.43. 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 $638,985,465.57 while $121,788,540.05 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 Basic Attention Token an average risk rating.

Summary

Recent price movement of BAT 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 token's manipulability at the moment. Click Here to get the full Report on Basic Attention Token (BAT).