What Does a Risk Analysis Say About Storj (STORJ) Wednesday?
Wednesday, August 10, 2022 01:51 PM | InvestorsObserver Analysts
InvestorsObserver analysis gives Storj a low 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 Storj a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Storj!
STORJ's current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
Storj is 13.85% lower as of the last 24 hours of trading, resulting in its current price of $0.75. The price movement has coincided with volume being below its average level and the token's market capitalization risen. The market capitalization for the token now sits at $282,228,096.72 while $70,526,812.90 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 STORJ a low risk assessment.
Summary
The price volatility of STORJ over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now.
Click Here to get the full Report on Storj (STORJ).
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