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What Does a Risk Analysis Say About Chain of Legends (CLEG) Monday?

Monday, March 04, 2024 03:39 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Chain of Legends (CLEG) Monday?

InvestorsObserver analysis gives Chain of Legends a high 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.

Risk/Reward Score - High
InvestorsObserver is giving Chain of Legends a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Chain of Legends!

Trading Analysis

CLEG's risk gauge score translates to a high 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.
CLEG has traded -20.33% lower over the past 24 hours to its current price of $0.004323475. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $507,153.38 while $28,075.70 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Chain of Legends a high risk rating.

Summary

The price volatility of CLEG 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 token's manipulability as of now. Click Here to get the full Report on Chain of Legends (CLEG).

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