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What Does a Risk Analysis Say About Rocket Pool (RPL) Monday?

Monday, August 01, 2022 11:40 AM | InvestorsObserver Analysts
What Does a Risk Analysis Say About Rocket Pool (RPL) Monday?

Rocket Pool receives an average 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 - Medium
InvestorsObserver is giving Rocket Pool a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Rocket Pool!

Trading Analysis

The risk gauge rank for RPL shows the token is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
The price of Rocket Pool is 13.22% lower over the last 24 hours, leading to its current value of $24.84. 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 $255,349,587.44, meanwhile $2,985,359.10 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 Rocket Pool an average risk analysis.

Summary

Recent price movement of RPL gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token's manipulability at the moment. Click Here to get the full Report on Rocket Pool (RPL).

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