The preceding 24 hours of price movement in connection to volume changes have led to a lower risk score for FRAX, providing traders cause to be secure about the token’s current manipulability.
Based on InvestorsObserver study, Frax receives a low risk analysis. The proprietary system evaluates a token’s susceptibility to manipulation by examining the amount of money it took to change its price over the last 24 hours and by examining recent changes in volume and market cap. The scale ranges from 0 to 100, with lower scores corresponding to more risk and higher numbers indicating lesser risk.
Trading Analysis
FRAX is a reasonably low risk investment based on its current risk score. This score will be most helpful to investors who are primarily concerned with risk assessment in order to avoid (or possibly seek out) risky assets.
To reach its current price of $1.00, FRAX has moved 0.24 percent down over the last 24 hours. This change has taken place while the token’s market capitalization has increased and volume is lower than typical. The market value of the cryptocurrency is currently $1,428,462,788.63, and in the previous day, it has seen trading volume of $22,181,700.31. Frax is rated as having a low risk based on the price movement in relation to the volume and market cap fluctuations.
Summary
The past 24 hours of price fluctuation in connection to volume changes have resulted in a low risk score for FRAX, providing traders cause to be secure about the token’s current manipulability.
