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Is Enjin Coin (ENJ) a Good Investment Wednesday?

Wednesday, December 01, 2021 09:49 AM | InvestorsObserver Analysts
Is Enjin Coin (ENJ) a Good Investment Wednesday?

Enjin Coin receives a high risk/reward score from an 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 ranks representing high risk and high values equating to low risk.

Risk/Reward Score - Low
InvestorsObserver is giving Enjin Coin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Enjin Coin!

Trading Analysis

ENJ's risk/reward rank translates to a low 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. The price of Enjin Coin is -1.47% lower over the last 24 hours, leading to its current value of $3.59. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $3,008,439,881.15, meanwhile $379,474,022.69 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 Enjin Coin a high risk/reward rating.

Summary

Recent price movement of ENJ gives the cryptocurrency a high risk/reward score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on Enjin Coin (ENJ).

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