NFT receives a high 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 token 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.
NFT’s risk gauge score translates to a high 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 NFT is 38.00% lower over the last 24 hours, leading to its current value of $0.22. The change in price goes along with volume being below its average level while the token’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $8,287,572.18, meanwhile $231,152.80 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 NFT a high risk analysis.
NFT’s price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token’s manipulability as of now.
Read More: NFT (NFT): How Risky is It Saturday?