Is ApeCoin (APE) a Bad Investment Wednesday?

16 November 2022

in ApeCoin

Reading Time: 2 mins read

ApeCoin receives a low 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.

InvestorsObserver is giving ApeCoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on ApeCoin!

Trading Analysis

APE’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.

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The price of ApeCoin is -0.36% lower over the last 24 hours, leading to its current value of $2.94. The change in price goes along with volume being below its average level while the token’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $902,847,345.69, meanwhile $129,101,785.75 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give ApeCoin a low risk analysis.

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Summary

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