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What Does a Risk Analysis Say About renBTC (RENBTC) Monday?

Monday, May 30, 2022 04:15 PM | InvestorsObserver Analysts
What Does a Risk Analysis Say About renBTC (RENBTC) Monday?

renBTC 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.

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

Trading Analysis

The risk gauge rank for RENBTC shows the token 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 renBTC is 4.85% lower over the last 24 hours, leading to its current value of $30,587.38. 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 $191,218,478.62, meanwhile $17,457,378.60 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 renBTC a low risk analysis.

Summary

RENBTC's price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token's manipulability as of now. Click Here to get the full Report on renBTC (RENBTC).

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