Is Edgeless (EDG) a Good Investment Monday?

Monday, January 24, 2022 09:59 AM | InvestorsObserver Analysts

Edgeless 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 Edgeless a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Edgeless!

See Full EDG Report

Trading Analysis

EDG'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. EDG has traded 12.84% lower over the past 24 hours to its current price of $0.026123656. 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 $3,190,925.32 while $1,483.37 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 Edgeless a high risk rating.

Summary

Recent price movement of EDG 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 Edgeless (EDG).