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Cardano Ecosystem

Cryptobuzz

12/28/2021

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What Does a Risk Analysis Say About Cardano (ADA) Tuesday?

Cardano receives an average 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...

What Does a Risk Analysis Say About Cardano (ADA) Tuesday?

Cardano receives an average 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 coin 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.

Risk/Reward Score - Medium

InvestorsObserver is giving Cardano a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Cardano!

Trading Analysis

The risk gauge rank for ADA shows the coin is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

ADA has traded -4.34% lower over the past 24 hours to its current price of $1.50. 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 $51,335,911,524.32 while $1,894,174,997.80 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 Cardano an average risk rating.

Summary

Recent price movement of ADA 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 coin’s manipulability at the moment.

Click Here to get the full Report on Cardano (ADA).

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If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


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ORIGINAL SOURCE

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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