Centrifuge (CFG) Earns High Risk Rating in Investor Analysis: Price Shifts and Market Dynamics Analyzed
Crypto News – InvestorsObserver‘s proprietary system assesses the susceptibility of a cryptocurrency to manipulation by analyzing the amount of capital required to influence its price within a 24-hour period. This assessment takes into account recent fluctuations in trading volume and market capitalization, resulting in a risk gauge on a scale of 0 to 100. Lower scores indicate higher risk, while higher scores suggest lower risk.
Centrifuge’s current risk score categorizes it as a relatively high-risk investment. Investors with a primary focus on risk assessment will find this score valuable for making informed decisions about avoiding or potentially exploring high-risk investments.
Over the past 24 hours, CFG has experienced a 4.49% decline, bringing its current price to $0.46. This price movement occurred amid below-average trading volume, even as the coin’s market capitalization increased. As of now, Centrifuge boasts a market capitalization of $166,194,835.34, with $2,070,009.07 worth of the coin traded in the past 24 hours. The combination of these price changes in relation to trading volume and market capitalization places Centrifuge in the high-risk category.
Centrifuge’s recent price movement in the last day of trading has led to a high-risk ranking. The relative price fluctuations in conjunction with trading volume dynamics raise concerns among traders about the coin’s susceptibility to manipulation.