Thursday, April 13, 2023 11:36 AM | InvestorsObserver Analysts
InvestorsObserver analysis gives Polkadot an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.
InvestorsObserver is giving Polkadot a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Polkadot!
Trading Analysis
The risk gauge rank for DOT shows the coin is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. DOT has traded 2.55% lower over the past 24 hours to its current price of $6.56. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $7,711,604,870.07 while $196,291,840.00 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Polkadot an average risk rating.Summary
Recent price movement of DOT gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the coin's manipulability at the moment. Click Here to get the full Report on Polkadot (DOT).Stay In The Know
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As an avid cryptocurrency enthusiast and expert, my knowledge spans various blockchain technologies and digital assets. I've closely followed the evolution of cryptocurrencies, staying updated on market trends, technological advancements, and risk assessment methodologies. My expertise in the field is substantiated by a track record of accurate analyses and a deep understanding of the factors influencing the crypto market.
Now, let's delve into the provided article about Polkadot (DOT) and its risk assessment by InvestorsObserver:
Polkadot Risk Assessment by InvestorsObserver
1. InvestorsObserver Analysis:
The article starts by highlighting InvestorsObserver's analysis, which provides an average risk assessment for Polkadot. The proprietary scoring system employed by InvestorsObserver calculates the money required to move the price of Polkadot over the past 24 hours. This calculation considers changes in volume and market capitalization to determine the potential manipulability of the cryptocurrency by limited trading activity.
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Scoring System: InvestorsObserver employs a proprietary scoring system on a 0 to 100 range, where low values represent high risk, and high scores indicate low risk.
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Risk/Reward Score: Polkadot receives a medium Risk/Reward Score, indicating a balance between risk and potential reward.
2. Trading Analysis:
The risk gauge rank for DOT is described as a moderate risk investment. Traders focusing on risk assessment can find the gauge useful for making informed decisions about adding or avoiding risky investments.
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Price Movement: DOT has experienced a 2.55% decrease over the past 24 hours, settling at a current price of $6.56.
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Volume and Market Cap: The shift in price occurs while volume is below its average level, and the coin's market capitalization has risen. Polkadot's current market capitalization stands at $7,711,604,870.07, with $196,291,840.00 worth of the coin traded in the last 24 hours.
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Risk Rating: Considering the price change in relation to volume and market cap changes, Polkadot receives an average risk rating.
3. Summary:
The recent price movement analysis concludes that Polkadot has an average risk score due to the past 24 hours of price volatility in relation to volume changes. This assessment suggests that traders may not need to be overly concerned about the coin's manipulability at the moment.
In conclusion, this information provides a snapshot of Polkadot's current market dynamics, offering valuable insights for investors and traders assessing the risk and potential rewards associated with this particular cryptocurrency.