Is Enjin Coin (ENJ) Worth the Risk Thursday?

Thursday, August 18, 2022 09:47 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Enjin Coin a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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!

See Full ENJ Report

Trading Analysis

ENJ's risk gauge score 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. Enjin Coin is -0.38% lower as of the last 24 hours of trading, resulting in its current price of $0.65. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $585,345,860.21 while $49,751,578.53 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives ENJ a low risk assessment.

Summary

Recent price movement of ENJ gives the cryptocurrency a low risk 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).