What Does a Risk Analysis Say About Blocknet (BLOCK) Wednesday?

Wednesday, August 03, 2022 09:47 AM | InvestorsObserver Analysts

Blocknet receives a high 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 Blocknet a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Blocknet!

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Trading Analysis

The risk gauge rank for BLOCK shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. BLOCK has traded 26.94% lower over the past 24 hours to its current price of $0.23. 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 $2,081,072.57 while $667.78 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 Blocknet a high risk rating.

Summary

The price volatility of BLOCK over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the coin's manipulability as of now. Click Here to get the full Report on Blocknet (BLOCK).