Is Enigma (ENG) Worth the Risk Tuesday?

Tuesday, February 01, 2022 02:26 PM | InvestorsObserver Analysts

Enigma achieves an average 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 Enigma a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Enigma!

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Trading Analysis

ENG's current risk score means it is a relatively moderate 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 Enigma is 45.05% lower over the last 24 hours, leading to its current value of $0.043405667. 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 $602,982.74, meanwhile $195,638.02 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 Enigma an average risk analysis.

Summary

The price volatility of ENG over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on Enigma (ENG).