Should You Sell SafeMoon (SAFEMOON) Friday?

InvestorsObserver analysis gives SafeMoon a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

Trading Analysis

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

SAFEMOON has traded -2.08% lower over the past 24 hours to its current price of $0.000000568. This shift has occurred while volume is below its average level and the token’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $332,293,565.20 while $25,522.77 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.

Summary

The price volatility of SAFEMOON over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a 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.

Thank you for signing up! You’re all set to receive the Morning Update newsletter

This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.


*