What Does a Risk Analysis Say About Vivid Labs (VID) Monday?
Monday, March 20, 2023 12:02 PM | InvestorsObserver Analysts
Vivid Labs 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 Vivid Labs a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Vivid Labs!
VID's current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
VID has traded 37.46% lower over the past 24 hours to its current price of $0.028050051. This shift has occurred while volume is below its average level and the token's market capitalization has risen. The cryptocurrency now has a market capitalization of $4,658,757.30 while $144,319.24 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Vivid Labs a high risk rating.
Summary
The price volatility of VID 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 Vivid Labs (VID).
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