NFT (NFT) Do the risks outweigh the rewards on Wednesday?
NFT achieves a high-risk analysis based on InvestorsObserver research. The proprietary system measures how much a token can be manipulated by analyzing how much money it took to change its price over the last 24-hour period along with analyzing recent changes in volume and market capitalization. The meter is between 0 and 100 with lower scores corresponding to higher risk while higher values represent lower risk.
Trade analysis
The risk gauge rating for NFT shows that the token is currently a high-risk investment. Traders who focus on risk assessment will find the gauge most useful in avoiding (or adding to) risky investments. NFT has traded 6.30% lower in the last 24 hours at the current price of $0.022633290. This shift has occurred while the volume is below the average level and the token’s market value has increased. The cryptocurrency now has a market capitalization of $834,340.12 while $2,357.83 worth of the token has traded in the last 24 hours. The price change in relation to volume and market value changes gives NFT a high risk assessment.
Summary
Recent price movement of NFT gives the cryptocurrency a high risk score due to last 24-hour price volatility relative to volume changes, giving traders reason to be concerned about the token’s manipulability at the moment. Click here to get the full report on NFT (NFT).
