Is Basic Attention Token (BAT) a Good Investment Saturday?

Saturday, April 30, 2022 07:39 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Basic Attention Token a low 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 low 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 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. BAT has traded -0.08% lower over the past 24 hours to its current price of $0.63. 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 $947,341,398.21 while $139,002,030.37 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 a low risk rating.

Summary

BAT's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Basic Attention Token (BAT).