Frax receives a low risk rating from 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 scores representing high risk and high values equating to low risk.
FRAX has traded -0.36% lower over the past 24 hours to its current price of $1.00. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $1,492,987,185.33 while $37,051,993.13 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 Frax a low risk rating.
Is Frax (FRAX) a Bad Investment Wednesday?
InvestorsObserver is giving Frax a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Frax!