What Does a Risk Analysis Say About Minter Network (BIP) Wednesday?

Wednesday, December 15, 2021 06:31 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives Minter Network 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 Minter Network a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Minter Network!

See Full BIP Report

Trading Analysis

BIP'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. BIP has traded 12.31% lower over the past 24 hours to its current price of $0.003385938. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $16,814,441.26 while $39,719.86 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Minter Network a high risk rating.

Summary

The price volatility of BIP 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 coin's manipulability as of now. Click Here to get the full Report on Minter Network (BIP).