VeChain achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin 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.
Trading Analysis
VET’s risk gauge score translates to a low 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.
The price of VeChain is -1.95% lower over the last 24 hours, leading to its current value of $0.045529486. The change in price goes along with volume being below its average level while the coin’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $2,928,255,157.63, meanwhile $234,309,573.36 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give VeChain a low risk analysis.
Summary
The price volatility of VET over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.
Click Here to get the full Report on VeChain (VET).
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.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Be the first to comment