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What Does a Risk Analysis Say About DigixDAO (DGD) Tuesday?

Tuesday, June 21, 2022 02:08 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About DigixDAO (DGD) Tuesday?

DigixDAO achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

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

Trading Analysis

DGD's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
DigixDAO is -43.43% lower as of the last 24 hours of trading, resulting in its current price of $118.89. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $8,829,670.94 while $16.81 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 DGD a high risk assessment.

Summary

DGD's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on DigixDAO (DGD).

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