InvestorsObserver analysis gives Spell Token a low 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
The risk gauge rank for SPELL shows the token is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Spell Token is -4.43% lower as of the last 24 hours of trading, resulting in its current price of $0.004025528. The price movement has coincided with volume being below its average level and the token’s market capitalization fallen. The market capitalization for the token now sits at $336,084,576.19 while $42,907,913.55 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives SPELL a low risk assessment.
Summary
The price volatility of SPELL 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
