Crypto News – InvestorsObserver rates Shido (New) as having a high level of risk.
Shido Crypto Rises 6% and Rated High Risk
In order to determine if a small amount of trading activity may readily manipulate a cryptocurrency, the unique scoring algorithm computes the amount of money needed to alter the price during the previous 24 hours with changes in volume and market capitalization. This indicates that a significant shift in Shido (New) is accompanied by a large influx or outflow of funds from the cryptocurrency. It is highly likely that the prices of high-risk cryptocurrencies will be influenced.
Shido Crypto Price Movements
According to its risk gauge rank, SHIDO is currently a high-risk investment. The measure is particularly helpful to traders who have focused on risk assessment when it comes to adding or removing risky investments. After a full day of trading, Shido (New) is currently trading at $0.01123, 6.33% higher than its previous close.
The market capitalization of the token has increased, and volume has fallen below normal during the price movement. The token currently has a market capitalization of $91,395,093. SHIDO has a high-risk rating based on its recent price fluctuation in relation to changes in volume and market capitalization.
With the Shido Chain, Shido DeFi Platform, and Shido Wallet at its core, Shido is a DeFi ecosystem. By utilizing the Cosmos’ infinite scalability, interoperability, and transaction speed, the platform functions as a decentralized Layer 1 blockchain.