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
SPELL’s current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
SPELL has traded -0.47% lower over the past 24 hours to its current price of $0.014369259. This shift has occurred while volume is below its average level and the token’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $1,153,511,346.09 while $47,660,326.35 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 Spell Token a low risk rating.
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.
