Woonkly Power (WOOP) Do the Risks Outweigh the Rewards Friday?

Friday, April 15, 2022 07:51 PM | InvestorsObserver Analysts

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

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Trading Analysis

The risk gauge rank for WOOP 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. Woonkly Power is -26.36% lower as of the last 24 hours of trading, resulting in its current price of $0.14. The price movement has coincided with volume being below its average level and the token's market capitalization fallen. The market capitalization for the token now sits at $21,187,433.90 while $15,616,250.10 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 WOOP an average risk assessment.

Summary

Recent price movement of WOOP 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 Woonkly Power (WOOP).