SKALE Network (SKL): How Risky is It Sunday?

Sunday, December 05, 2021 12:42 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives SKALE Network 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 SKALE Network a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on SKALE Network!

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Trading Analysis

SKL's risk gauge score 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. The price of SKALE Network is -4.73% lower over the last 24 hours, leading to its current value of $0.24. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $625,630,592.12, meanwhile $56,609,237.15 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give SKALE Network a low risk analysis.

Summary

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