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What Does a Risk Analysis Say About NEAR Protocol (NEAR) Thursday?

Thursday, April 21, 2022 01:13 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About NEAR Protocol (NEAR) Thursday?

NEAR Protocol 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 coin 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.

Risk/Reward Score - Low
InvestorsObserver is giving NEAR Protocol a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on NEAR Protocol!

Trading Analysis

The risk gauge rank for NEAR shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of NEAR Protocol is -2.27% lower over the last 24 hours, leading to its current value of $16.56. The change in price goes along with volume being below its average level while the coin's market capitalization has fallen during the same time period. The crypto's market capitalization is now $11,211,150,231.76, meanwhile $1,026,364,710.43 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 NEAR Protocol a low risk analysis.

Summary

Recent price movement of NEAR 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 coin's manipulability at the moment. Click Here to get the full Report on NEAR Protocol (NEAR).

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