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Is NFT (NFT) Worth the Risk Saturday?

Saturday, February 19, 2022 06:24 PM | InvestorsObserver Analysts
Is NFT (NFT) Worth the Risk Saturday?

NFT achieves a high 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 - High
InvestorsObserver is giving NFT a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on NFT!

Trading Analysis

The risk gauge rank for NFT shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
NFT has traded -31.61% lower over the past 24 hours to its current price of $0.15. 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 $5,464,508.88 while $70,090.04 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 NFT a high risk rating.

Summary

Recent price movement of NFT gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token's manipulability at the moment. Click Here to get the full Report on NFT (NFT).

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