InvestorsObserver Analysis gives Avalanche an average risk rating. The proprietary rating system calculates how much money it took to move the price over the past 24 hours with changes in volume and market cap to find out if a crypto could potentially be easily manipulated through limited trading activity. Low scores represent high risk, while high scores represent low risk, based on a range of 0 to 100.
The risk gauge rank for AVAX shows that the coin is currently a moderate-risk investment. Traders who focus on risk assessment will find the gauge most useful for avoiding (or adding to) risky investments. AVAX has traded down -2.34% over the past 24 hours to its current price of $16.07. This shift has occurred while volume is below its average level and the coin’s market cap has declined. The cryptocurrency now has a market cap of $4,540,749,781.64, while the coin has traded $209,090,668.78 in the last 24 hours. The change in price relative to the degree of volume and market cap changes gives Avalanche an average risk rating.
AVAX’s recent price action gives the cryptocurrency an average risk rating due to the price volatility over the past 24 hours in terms of volume changes, giving traders reason not to worry too much about the coin’s manipulability at the moment. Click here for the full Report on Avalanche (AVAX).
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