Saturday, December 24, 2022 06:33 PM | InvestorsObserver Analysts
The Sandbox receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.
InvestorsObserver is giving The Sandbox a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on The Sandbox!
SAND's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
SAND has traded -1.74% lower over the past 24 hours to its current price of $0.45. 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 $672,899,752.04 while $41,077,083.20 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 The Sandbox an average risk rating.
Recent price movement of SAND gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token's manipulability at the moment.
Click Here to get the full Report on The Sandbox (SAND).
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter