Friday, June 24, 2022 07:41 PM | InvestorsObserver Analysts
IDEX achieves a low 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.
InvestorsObserver is giving IDEX a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on IDEX!
The risk gauge rank for IDEX shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
IDEX is 13.46% lower as of the last 24 hours of trading, resulting in its current price of $0.06. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $42,843,262.67 while $18,756,186.86 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 IDEX a low risk assessment.
Summary
IDEX's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now.
Click Here to get the full Report on IDEX (IDEX).
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