Tuesday, September 27, 2022 01:28 PM | InvestorsObserver Analysts
InvestorsObserver analysis gives Bread 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 Bread a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bread!
The risk gauge rank for BRD shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Bread is 29.49% lower over the last 24 hours, leading to its current value of $0.011808327. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $1,049,320.02, meanwhile $349.94 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Bread a high risk analysis.
Summary
Recent price movement of BRD 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 token's manipulability at the moment.
Click Here to get the full Report on Bread (BRD).
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
