What Does a Risk Analysis Say About Kyber Network Crystal v2 (KNC) Monday?

Monday, May 09, 2022 10:59 AM | InvestorsObserver Analysts

Kyber Network Crystal v2 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 Kyber Network Crystal v2 a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Kyber Network Crystal v2!

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Trading Analysis

KNC's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. The price of Kyber Network Crystal v2 is 1.24% lower over the last 24 hours, leading to its current value of $2.41. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $428,867,973.26, meanwhile $320,637,583.55 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 Kyber Network Crystal v2 a low risk analysis.

Summary

Recent price movement of KNC gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token's manipulability at the moment. Click Here to get the full Report on Kyber Network Crystal v2 (KNC).