Chainlink receives a low 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
The risk gauge rank for LINK shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Chainlink is 3.29% lower as of the last 24 hours of trading, resulting in its current price of $7.11. 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 $3,612,675,806.79 while $460,055,847.09 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 LINK a low risk assessment.
Summary
Recent price movement of LINK gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the token’s manipulability at the moment.
Click Here to get the full Report on Chainlink (LINK).
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