Is Niftyx Protocol (SHROOM) Worth the Risk Tuesday?

Tuesday, January 25, 2022 04:31 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives Niftyx Protocol a high 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.

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

See Full SHROOM Report

Trading Analysis

SHROOM's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. Niftyx Protocol is 24.86% lower as of the last 24 hours of trading, resulting in its current price of $0.31. 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 $16,046,482.26 while $251,527.73 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 SHROOM a high risk assessment.

Summary

Recent price movement of SHROOM 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 Niftyx Protocol (SHROOM).