InvestorsObserver analysis gives NerveNetwork a high 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
NVT’s current risk score means it is a relatively high risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
The price of NerveNetwork is 84.69% lower over the last 24 hours, leading to its current value of $0.021769167. The change in price goes along with volume being below its average level while the coin’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $6,029,704.17, meanwhile $63,656.27 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 NerveNetwork a high risk analysis.
Summary
NVT’s price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the coin’s manipulability as of now.
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