What Does a Risk Analysis Say About Degenerator Meme (MEME) Monday?

Monday, February 28, 2022 02:37 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives Degenerator Meme 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.

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

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Trading Analysis

MEME'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. The price of Degenerator Meme is -29.83% lower over the last 24 hours, leading to its current value of $253.68. 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 $7,102,909.58, meanwhile $96,861.96 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 Degenerator Meme a high risk analysis.

Summary

The price volatility of MEME 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 Degenerator Meme (MEME).