Spell Token’s Low Risk Rating Amidst Recent Price Volatility
Crypto News – InvestorsObserver‘s latest analysis has deemed Spell Token to be a low-risk investment. Utilizing a proprietary scoring system, the analysis evaluates the amount of capital required to influence price movements over the past 24 hours, considering changes in both volume and market capitalization. This assessment helps gauge the susceptibility of the cryptocurrency to manipulation, with lower values indicating higher risk and higher scores suggesting lower risk, all within a 0 to 100 range.
In terms of trading analysis, the risk gauge rank for SPELL currently indicates it as a low-risk investment. This information is particularly valuable for traders focused on risk assessment, aiding them in making informed decisions about whether to avoid or consider adding risky investments to their portfolios.
Over the past 24 hours, SPELL has experienced a notable decline of 34.37%, bringing its current price to $0.001264123. This decline has occurred amidst below-average trading volume, even as the token’s market capitalization has seen an increase. As it stands, Spell Token boasts a market capitalization of $135,773,903.48, with $138,103,296.87 worth of the token traded over the same period. The observed price change, in relation to fluctuations in volume and market capitalization, has contributed to Spell Token receiving a low-risk rating.
In summary, the recent price movement of SPELL has led to the cryptocurrency receiving a low-risk score. This assessment is based on the observed price volatility over the past 24 hours, relative to changes in trading volume. Such analysis provides traders with confidence in the current manipulability of the token.
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