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Should You Buy OWNDATA (OWN) Friday?

Friday, December 24, 2021 08:55 AM | InvestorsObserver Analysts
Should You Buy OWNDATA (OWN) Friday?

OWNDATA receives a high 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.

Risk/Reward Score - High
InvestorsObserver is giving OWNDATA a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on OWNDATA!

Trading Analysis

OWN's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. OWN has traded 68.42% lower over the past 24 hours to its current price of $0.000051961. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $530,037.22 while $0.61 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 OWNDATA a high risk rating.

Summary

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

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