SafeMoon achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
SAFEMOON’s risk gauge score translates to a high 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.
SAFEMOON has traded 213.82% lower over the past 24 hours to its current price of $0.000000418. 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 $234,941,713.26 while $24,876.63 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 SafeMoon a high risk rating.
SAFEMOON’s price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token’s manipulability as of now.
Click Here to get the full Report on SafeMoon (SAFEMOON).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
This news is republished from another source.