Is BitSend (BSD) Worth the Risk Monday?

Monday, January 10, 2022 05:07 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives BitSend a high 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 BitSend a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on BitSend!

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Trading Analysis

BSD's risk gauge score translates to a high 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. BSD has traded 55.58% lower over the past 24 hours to its current price of $0.003295790. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $105,572.23 while $18.20 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives BitSend a high risk rating.

Summary

Recent price movement of BSD gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the coin's manipulability at the moment. Click Here to get the full Report on BitSend (BSD).