Cardano gets an average risk rating from the InvestorsObserver analysis. The proprietary scoring system analyzes how much money it took to move the price over the past 24 hours. The metric looks at recent changes in volume and market capitalization to assess how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low values corresponding to high risk and high values corresponding to low risk.
InvestorsObserver gives Cardano a medium risk / return rating. Find out what that means for you and get the rest of the rankings on Cardano!
The Risk Rank for ADA shows that the coin is currently a moderate risk investment. Traders who focus on risk assessment will find the gauge the most useful for avoiding (or adding) risky investments. ADA is down -4.34% in the past 24 hours to its current price of $ 1.50. This shift took place while the volume is below its average level and the market cap of the coin has decreased. The cryptocurrency now has a market capitalization of $ 51,335,911,524.32 while the coin was traded for the past 24 hours, valued at $ 1,894,174,997.80. The price change in relation to the extent of the volume and market capitalization changes gives Cardano an average risk rating.
ADA’s recent price movement gives the cryptocurrency an average risk rating in terms of volume changes due to price volatility over the past 24 hours, giving traders reason not to be too concerned about the manipulability of the coin at this time. For the full Cardano (ADA) report, click here.