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Is FTX Token (FTT) a Good Investment Sunday?

Sunday, July 31, 2022 01:43 PM | InvestorsObserver Analysts
Is FTX Token (FTT) a Good Investment Sunday?

FTX Token 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.

Risk/Reward Score - Medium
InvestorsObserver is giving FTX Token a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on FTX Token!

Trading Analysis

FTT's risk gauge score translates to a moderate 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 FTX Token is -2.75% lower over the last 24 hours, leading to its current value of $31.11. 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 $4,195,418,899.76, meanwhile $61,802,979.91 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 FTX Token an average risk analysis.

Summary

FTT's price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on FTX Token (FTT).

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