Polygon (MATIC): Does the Reward Outweigh the Risks?
Saturday, June 03, 2023 08:35 AM | InvestorsObserver Analysts
Polygon achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin 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 Polygon a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Polygon!
The risk gauge rank for MATIC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Polygon is -0.01% lower over the last 24 hours, leading to its current value of $0.91. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $8,410,213,502.45, meanwhile $200,871,241.00 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 Polygon a low risk analysis.
Summary
Recent price movement of MATIC gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment.
Click Here to get the full Report on Polygon (MATIC).
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