AFEN Blockchain Network (AFEN) Do the Risks Outweigh the Rewards Saturday?

17 views 11:00 am 0 Comments December 24, 2023
News HomeSaturday, December 23, 2023 08:20 AM | InvestorsObserver Analysts

InvestorsObserver analysis gives AFEN Blockchain Network a high 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.

Risk/Reward Score - High
InvestorsObserver is giving AFEN Blockchain Network a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on AFEN Blockchain Network!

Trading Analysis

The risk gauge rank for AFEN shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

AFEN Blockchain Network is 28.97% lower as of the last 24 hours of trading, resulting in its current price of $0.000482915. The price movement has coincided with volume being below its average level and the token’s market capitalization risen. The market capitalization for the token now sits at $70,923.46 while $5,837.41 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 AFEN a high risk assessment.

Summary

The price volatility of AFEN over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the token’s manipulability as of now.

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