MetisDAO Token Suffers 41.33% Drop in 24 Hours, Earning High Risk Score from InvestorsObserver
Crypto News – MetisDAO, a cryptocurrency token, has recently been flagged as a high-risk investment according to the latest research by InvestorsObserver. This analysis utilizes a unique system to assess the potential for price manipulation of a token by examining the amount of money required to significantly alter its price over the past 24 hours.
This system also takes into account the recent shifts in both trading volume and market capitalization. The risk is measured on a scale from 0 to 100, where lower scores indicate higher risk and higher scores suggest lower risk.
In the realm of trading analysis, METIS has been categorized as a high-risk investment at present. This assessment is particularly pertinent for portfolio managers who prioritize risk evaluation in their investment strategies, either to sidestep or to target riskier investments.
Over the last 24 hours, MetisDAO has experienced a substantial decline, dropping 41.33%, which brings its current trading price to $53.46. This decrease in price has occurred alongside a below-average trading volume, while the token’s overall market capitalization has seen an increase.
The current market capitalization of MetisDAO stands at approximately $244.53 million, with around $31.18 million of the cryptocurrency being traded in the last day. The recent correlation between the price movements, trading volume, and market capitalization changes has led to the assignment of a high-risk rating for METIS.
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