Is Maker (MKR) a Good Investment Thursday?

Thursday, March 28, 2024 10:03 AM | InvestorsObserver Analysts

Maker receives a high 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 Maker a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Maker!

See Full MKR Report

Trading Analysis

MKR's risk gauge score translates to a high 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. MKR has traded 9.04% lower over the past 24 hours to its current price of $3,490.53. 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 $3,226,920,430.37 while $139,523,844.48 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 Maker a high risk rating.

Summary

MKR's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on Maker (MKR).