Pikaboss (PIKA): Does the Reward Outweigh the Risks?

Thursday, March 28, 2024 06:10 AM | InvestorsObserver Analysts

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

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Trading Analysis

PIKA's current risk score means it is a relatively high 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 Pikaboss is 6.57% lower over the last 24 hours, leading to its current value of $0.000000014. 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 $5,937,009.35, meanwhile $27,986.49 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 Pikaboss a high risk analysis.

Summary

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