Is CACHE Gold (CGT) a Good Investment Saturday?

Saturday, November 05, 2022 08:30 AM | InvestorsObserver Analysts

CACHE Gold 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.

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

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Trading Analysis

CGT's risk gauge score translates to a moderate 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. CGT has traded 1.34% lower over the past 24 hours to its current price of $54.18. 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 $3,788,363.87 while $5,007.38 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 CACHE Gold an average risk rating.

Summary

CGT's price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on CACHE Gold (CGT).