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...
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.
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.
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