Is PancakeSwap (CAKE) Worth the Risk Sunday?

Sunday, January 23, 2022 11:03 AM | InvestorsObserver Analysts

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

See Full CAKE Report

Trading Analysis

CAKE's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. The price of PancakeSwap is 3.98% lower over the last 24 hours, leading to its current value of $7.83. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $2,048,249,535.82, meanwhile $318,836,793.80 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give PancakeSwap a low risk analysis.

Summary

The price volatility of CAKE 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 PancakeSwap (CAKE).