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What Does a Risk Analysis Say About Binance USD (BUSD) Tuesday?
Tuesday, November 30, 2021 08:18 PM | InvestorsObserver Analysts
Binance USD 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 Binance USD a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Binance USD!
Trading Analysis
The risk/reward score for BUSD shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Binance USD is -0.17% lower over the last 24 hours, leading to its current value of $1.00. 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 $13,415,068,775.46, meanwhile $7,549,197,484.08 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 Binance USD a high risk/reward rating.
Summary
BUSD's price movement over the past day of trading gives it a high risk/reward score 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 Binance USD (BUSD).
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