Helium Earns High-Risk Rating in Investor Analysis Amidst Significant Price Drop
Crypto News – InvestorsObserver‘s proprietary system employs a comprehensive analysis to assess the susceptibility of cryptocurrencies to market manipulation. This assessment is based on the amount of capital required to influence a coin’s price within a 24-hour period. Additionally, it takes into account recent fluctuations in trading volume and market capitalization. The resulting gauge ranges from 0 to 100, with lower scores indicative of higher risk and higher values representing lower risk.
Trading Analysis
The risk gauge ranking for Helium (HNT) currently signals that the coin poses a high level of investment risk. Traders who prioritize risk evaluation will find this gauge invaluable for steering clear of precarious investments or considering additions to their portfolios.
Over the last 24 hours, Helium has experienced a substantial 52.94% decrease in its value, leading to its current trading price of $4.21. This price decline aligns with a decrease in trading volume, which has fallen below its average level. Simultaneously, the coin’s market capitalization has seen an increase, reaching a total of $605,875,145.37. Within the past 24 hours, approximately $30,060,584.08 worth of Helium has been exchanged.
In light of these price movements in relation to the recent shifts in trading volume and market capitalization, Helium (HNT) has received a high-risk assessment, prompting caution among investors.
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