What Does a Risk Analysis Say About DeFi Bids (BID) Tuesday?

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

The risk gauge rank for BID shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

The price of DeFi Bids is 2.02% lower over the last 24 hours, leading to its current value of $0.008469711. The change in price goes along with volume being below its average level while the token’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $194,500.69, meanwhile $171.71 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give DeFi Bids a high risk analysis.

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).

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