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Is Filecoin (FIL) Worth the Risk Tuesday?

Tuesday, January 25, 2022 09:06 AM | InvestorsObserver Analysts
Is Filecoin (FIL) Worth the Risk Tuesday?

InvestorsObserver analysis gives Filecoin 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.

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

Trading Analysis

FIL'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. FIL has traded 6.91% lower over the past 24 hours to its current price of $18.17. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $2,784,594,240.84 while $496,114,081.62 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Filecoin a low risk rating.

Summary

Recent price movement of FIL 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 coin's manipulability at the moment. Click Here to get the full Report on Filecoin (FIL).

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