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Is Tether (USDT) a Good Investment Tuesday?

Tuesday, November 30, 2021 08:17 PM | InvestorsObserver Analysts
Is Tether (USDT) a Good Investment Tuesday?

Tether achieves a high risk/reward score based on an InvestorsObserver analysis. 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 ranks equating to higher risk while higher values represent lower risk.

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

Trading Analysis

USDT's risk/reward rank translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. USDT has traded -0.19% lower over the past 24 hours to its current price of $1.00. 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 $73,561,573,453.96 while $87,225,127,561.97 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 Tether a high risk/reward rating.

Summary

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

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