What Does a Risk Analysis Say About Enjin Coin (ENJ) Tuesday?

Tuesday, May 24, 2022 01:00 PM | InvestorsObserver Analysts

Enjin Coin receives a low 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 token 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 Enjin Coin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Enjin Coin!

See Full ENJ Report

Trading Analysis

The risk gauge rank for ENJ shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. ENJ has traded -9.42% lower over the past 24 hours to its current price of $0.67. 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 $592,441,422.35 while $84,984,534.47 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 Enjin Coin a low risk rating.

Summary

The price volatility of ENJ over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now. Click Here to get the full Report on Enjin Coin (ENJ).