Pax Dollar (USDP): Does the Reward Outweigh the Risks?

Wednesday, June 22, 2022 02:18 PM | InvestorsObserver Analysts

Pax Dollar achieves a low risk analysis based on InvestorsObserver research. 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 scores equating to higher risk while higher values represent lower risk.

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

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Trading Analysis

The risk gauge rank for USDP 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. USDP has traded -0.11% 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 $946,237,293.01 while $28,959,713.40 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 Pax Dollar a low risk rating.

Summary

USDP's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Pax Dollar (USDP).