Cardano achieves an average 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.
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.
The price of Cardano is -2.78% lower over the last 24 hours, leading to its current value of $0.41. 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 $14,075,851,981.64, meanwhile $561,080,149.46 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 Cardano an average risk analysis.
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.
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.