Friday, June 09, 2023 05:23 PM | InvestorsObserver Analysts
Decred achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
InvestorsObserver is giving Decred a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Decred!
DCR's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
The price of Decred is 24.43% lower over the last 24 hours, leading to its current value of $17.05. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $255,906,710.85, meanwhile $3,134,817.93 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 Decred a high risk analysis.
Summary
Recent price movement of DCR 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 Decred (DCR).
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