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Is Mdex (MDX) a Good Investment Friday?

Friday, December 08, 2023 06:52 PM | InvestorsObserver Analysts
Is Mdex (MDX) a Good Investment Friday?

InvestorsObserver analysis gives Mdex an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

Trading Analysis

MDX's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
MDX has traded -15.08% lower over the past 24 hours to its current price of $0.06. 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 $58,081,122.38 while $4,968,555.09 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 Mdex an average risk rating.

Summary

MDX'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 Mdex (MDX).

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