Is Kyber Network Crystal v2 (KNC) Worth the Risk Thursday?

Thursday, April 28, 2022 01:20 PM | InvestorsObserver Analysts

Kyber Network Crystal v2 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.

InvestorsObserver is giving Kyber Network Crystal v2 a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Kyber Network Crystal v2!

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Trading Analysis

The risk gauge rank for KNC 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. KNC has traded 3.43% lower over the past 24 hours to its current price of $5.56. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $988,956,121.92 while $329,075,688.86 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 Kyber Network Crystal v2 a low risk rating.

Summary

Recent price movement of KNC 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 Kyber Network Crystal v2 (KNC).