Is Ocean Protocol (OCEAN) a Good Investment Wednesday?

Wednesday, June 01, 2022 07:02 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives Ocean Protocol a low 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 Ocean Protocol a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Ocean Protocol!

See Full OCEAN Report

Trading Analysis

The risk gauge rank for OCEAN 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. OCEAN has traded -10.35% lower over the past 24 hours to its current price of $0.21. 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 $128,901,256.83 while $25,246,091.70 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 Ocean Protocol a low risk rating.

Summary

The price volatility of OCEAN over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Ocean Protocol (OCEAN).