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Should You Buy Tokenbox (TBX) Monday?

Monday, January 17, 2022 07:38 AM | InvestorsObserver Analysts
Should You Buy Tokenbox (TBX) Monday?

Tokenbox receives an average 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 - Medium
InvestorsObserver is giving Tokenbox a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Tokenbox!

Trading Analysis

TBX's risk gauge score translates to a moderate 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. Tokenbox is 8.61% lower as of the last 24 hours of trading, resulting in its current price of $0.021849043. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $245,483.85 while $3,284.83 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives TBX an average risk assessment.

Summary

The price volatility of TBX over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on Tokenbox (TBX).

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