CDS Crypto News Spell Token’s Low Risk Rating Amidst Recent Price Volatility
Crypto News

Spell Token’s Low Risk Rating Amidst Recent Price Volatility

184
Spell Token'S Low Risk Rating Amidst Recent Price Volatility

Spell Token’s Low Risk Rating Amidst Recent Price Volatility

Crypto NewsInvestorsObserver‘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.

Spell Token'S Low Risk Rating Amidst Recent Price Volatility

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.

Spell Token'S Low Risk Rating Amidst Recent Price Volatility

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...