DeFi Bids achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token 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
The risk gauge rank for BID 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.
The price of DeFi Bids is 82.16% lower over the last 24 hours, leading to its current value of $0.005001176. 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 $114,848.59, meanwhile $221.08 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 DeFi Bids a high risk analysis.
Summary
Recent price movement of BID gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token’s manipulability at the moment.
Click Here to get the full Report on DeFi Bids (BID).
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