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What Does a Risk Analysis Say About Minereum (MNE) Wednesday?

Wednesday, December 22, 2021 06:46 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Minereum (MNE) Wednesday?

Minereum 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 Minereum a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Minereum!

Trading Analysis

The risk gauge rank for MNE 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. MNE has traded -27.26% lower over the past 24 hours to its current price of $0.08. 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 $1,066,035.79 while $15,058.95 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 Minereum a high risk rating.

Summary

MNE'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 Minereum (MNE).

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