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Is Bone ShibaSwap (BONE) a Good Investment Monday?

Monday, March 04, 2024 04:52 PM | InvestorsObserver Analysts
Is Bone ShibaSwap (BONE) a Good Investment Monday?

Bone ShibaSwap receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

Risk/Reward Score - Medium
InvestorsObserver is giving Bone ShibaSwap a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bone ShibaSwap!

Trading Analysis

BONE'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.
Bone ShibaSwap is 36.28% lower as of the last 24 hours of trading, resulting in its current price of $1.13. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $260,688,097.42 while $33,858,570.70 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives BONE an average risk assessment.

Summary

The price volatility of BONE over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on Bone ShibaSwap (BONE).

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