InvestorsObserver analysis gives Axis DeFi 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.
Trading Analysis
AXIS’s current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
AXIS has traded 14.16% lower over the past 24 hours to its current price of $0.022757516. This shift has occurred while volume is below its average level and the token’s market capitalization has risen. The cryptocurrency now has a market capitalization of $47,435.79 while $13,699.88 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Axis DeFi an average risk rating.
Summary
The price volatility of AXIS over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token’s manipulability as of now.
Click Here to get the full Report on Axis DeFi (AXIS).
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.
Thank you for signing up! You’re all set to receive the Morning Update newsletter