Bonfida receives an average 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.
Trading Analysis
FIDA’s risk gauge score translates to a moderate risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.
Bonfida is 10.50% lower as of the last 24 hours of trading, resulting in its current price of $0.44. 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 $19,811,144.57 while $5,614,460.51 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 FIDA an average risk assessment.
Summary
FIDA’s price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the token’s manipulability as of now.
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