The price volatility of FRAX over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token’s manipulability as of now.
According to InvestorsObserver analysis, Frax is low risk. With changes in volume and market capitalization, the proprietary scoring algorithm determines how much money was needed to shift the price over the previous 24 hours to determine whether a cryptocurrency may potentially be readily manipulated by sparse trading activity. Based on a 0 to 100 scale, low values indicate high danger, while high scores indicate minimal risk.
Trading Analysis
The FRAX token is now a low risk investment, according to the risk gauge rank. The indicator will be most helpful to traders who are concerned with risk assessment for avoiding (or adding) dangerous investments.
Frax’s price is currently $1 due to a decrease of -0.27 percent during the last 24 hours of trading. The token’s market capitalization has decreased at the same time that the price has changed and volume has gone below its average level. The token’s market capitalization is currently $1,361,122,819.66, and in the last day, $13,271,543.92 worth of cryptocurrency has been traded. Recent fluctuations in volume and market capitalization, along with price movement, indicate little risk for FRAX.
Summary
Due to the price volatility of FRAX over the past 24 hours and variations in trading volume, a study of the token’s risk is considered to be minimal, providing investors cause for optimism about the token’s current manipulability.
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