WOM Protocol (WOM): How Risky is It Friday?

Friday, December 03, 2021 10:18 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives WOM Protocol an average 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 WOM Protocol a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on WOM Protocol!

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Trading Analysis

The risk gauge rank for WOM 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. WOM has traded 9.00% lower over the past 24 hours to its current price of $0.25. 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 $25,651,926.32 while $3,647,766.71 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 WOM Protocol an average risk rating.

Summary

The price volatility of WOM over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on WOM Protocol (WOM).