InvestorsObserver analysis gives Render 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
RNDR’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.
Render Token is -1.05% lower as of the last 24 hours of trading, resulting in its current price of $3.22. 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 $687,864,703.04 while $116,810,471.90 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 RNDR a low risk assessment.
Summary
RNDR’s price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token’s manipulability as of now.
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