What Does a Risk Analysis Say About Birake (BIR) Thursday?

Thursday, December 30, 2021 10:47 AM | InvestorsObserver Analysts

Birake receives an average 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.

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

See Full BIR Report

Trading Analysis

BIR's risk gauge score translates to a moderate 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. BIR has traded 0.82% lower over the past 24 hours to its current price of $0.10. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $10,205,803.32 while $135,084.67 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 Birake an average risk rating.

Summary

The price volatility of BIR over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the coin's manipulability as of now. Click Here to get the full Report on Birake (BIR).