Should You Buy Horizen (ZEN) Friday?

Friday, February 25, 2022 12:12 PM | InvestorsObserver Analysts

Horizen 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 Horizen a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Horizen!

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Trading Analysis

The risk gauge rank for ZEN 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. ZEN has traded 9.96% lower over the past 24 hours to its current price of $34.55. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $418,259,816.25 while $47,579,488.79 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Horizen a low risk rating.

Summary

Recent price movement of ZEN 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 Horizen (ZEN).