Should You Sell Wrapped Bitcoin (WBTC) Wednesday?

Wednesday, December 01, 2021 06:36 AM | InvestorsObserver Analysts

Wrapped Bitcoin achieves a high risk/reward score based on an InvestorsObserver analysis. The proprietary system gauges how much a token 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 ranks equating to higher risk while higher values represent lower risk.

InvestorsObserver is giving Wrapped Bitcoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!

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Trading Analysis

WBTC's risk/reward rank translates to a low 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. Wrapped Bitcoin is -0.88% lower as of the last 24 hours of trading, resulting in its current price of $55,803.89. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $14,172,843,285.25 while $328,134,264.41 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 WBTC a high risk/reward rating.

Summary

Recent price movement of WBTC gives the cryptocurrency a high risk/reward score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on Wrapped Bitcoin (WBTC).