Thursday, March 28, 2024 06:44 AM | InvestorsObserver Analysts
InvestorsObserver analysis gives Venus DAI a low 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 Venus DAI a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Venus DAI!
vDAI's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
Venus DAI is 0.04% lower as of the last 24 hours of trading, resulting in its current price of $0.023167984. 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 $6,360,483.35 while $4,101,502.78 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 vDAI a low risk assessment.
Summary
The price volatility of vDAI over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now.
Click Here to get the full Report on Venus DAI (vDAI).
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