Is UFO Gaming (UFO) Worth the Risk Thursday?

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Thursday, November 09, 2023 06:22 AM | InvestorsObserver Analysts

UFO Gaming receives a high 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

UFO’s risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.

UFO has traded 21.93% lower over the past 24 hours to its current price of $0.000001456. This shift has occurred while volume is below its average level and the token’s market capitalization has risen. The cryptocurrency now has a market capitalization of $37,511,867.04 while $2,294,162.78 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives UFO Gaming a high risk rating.

Summary

Recent price movement of UFO gives the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the token’s manipulability at the moment.

Click Here to get the full Report on UFO Gaming (UFO).

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