Should You Sell DeFi Bids (BID) Friday?

DeFi Bids receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

InvestorsObserver is giving DeFi Bids a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on DeFi Bids!

Trading Analysis

BID’s current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.

DeFi Bids is 1.44% lower as of the last 24 hours of trading, resulting in its current price of $0.009276641. The price movement has coincided with volume being below its average level and the token’s market capitalization risen. The market capitalization for the token now sits at $213,031.27 while $165.40 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives BID a high risk assessment.

Summary

The price volatility of BID over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the token’s manipulability as of now.

Click Here to get the full Report on DeFi Bids (BID).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.