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Solana (SOL): Does the Reward Outweigh the Risks?

Monday, March 07, 2022 05:33 PM | InvestorsObserver Analysts
Solana (SOL): Does the Reward Outweigh the Risks?

Solana receives a low 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 coin 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 - Low
InvestorsObserver is giving Solana a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Solana!

Trading Analysis

SOL'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.
SOL has traded -4.52% lower over the past 24 hours to its current price of $82.27. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $26,425,490,552.37 while $2,383,296,881.47 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Solana a low risk rating.

Summary

Recent price movement of SOL gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment. Click Here to get the full Report on Solana (SOL).

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