What Does a Risk Analysis Say About Novara Calcio Fan Token (NOV) Wednesday?
Wednesday, March 27, 2024 06:29 PM | InvestorsObserver Analysts
Novara Calcio Fan Token receives a high 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 Novara Calcio Fan Token a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Novara Calcio Fan Token!
NOV'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.
Novara Calcio Fan Token is -19.63% lower as of the last 24 hours of trading, resulting in its current price of $0.38. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $161,249.45 while $62.42 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives NOV a high risk assessment.
Summary
The price volatility of NOV 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 token's manipulability as of now.
Click Here to get the full Report on Novara Calcio Fan Token (NOV).
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