Is DeFi Bids (BID) Worth the Risk Tuesday?

Tuesday, January 04, 2022 12:13 PM | InvestorsObserver Analysts

DeFi Bids achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token 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 DeFi Bids a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on DeFi Bids!

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Trading Analysis

BID'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. BID has traded -28.03% lower over the past 24 hours to its current price of $0.008700134. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $213,561.01 while $114.12 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 DeFi Bids a high risk rating.

Summary

The price volatility of BID over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on DeFi Bids (BID).