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What Does a Risk Analysis Say About Convex Finance (CVX) Friday?

Friday, September 22, 2023 03:54 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Convex Finance (CVX) Friday?

InvestorsObserver analysis gives Convex Finance 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 Convex Finance a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Convex Finance!

Trading Analysis

The risk gauge rank for CVX shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Convex Finance is 8.23% lower as of the last 24 hours of trading, resulting in its current price of $2.84. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $229,358,440.37 while $6,658,689.47 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives CVX a high risk assessment.


Recent price movement of CVX gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token's manipulability at the moment. Click Here to get the full Report on Convex Finance (CVX).

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