What Does a Risk Analysis Say About TomoChain (TOMO) Monday?
Monday, May 29, 2023 07:15 PM | InvestorsObserver Analysts
InvestorsObserver analysis gives TomoChain 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 TomoChain a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on TomoChain!
TOMO's risk gauge score translates to a low 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.
TOMO has traded -13.81% lower over the past 24 hours to its current price of $1.47. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $148,258,697.42 while $84,217,706.04 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives TomoChain a low risk rating.
Summary
TOMO'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 coin's manipulability as of now.
Click Here to get the full Report on TomoChain (TOMO).
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