Is Polkadot (DOT) a Good Investment Thursday?

18 August 2022

in DOT

Reading Time: 2 mins read

InvestorsObserver analysis gives Polkadot 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.

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

Trading Analysis

DOT’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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Polkadot is -0.97% lower as of the last 24 hours of trading, resulting in its current price of $8.40. The price movement has coincided with volume being below its average level and the coin’s market capitalization fallen. The market capitalization for the coin now sits at $9,307,008,920.83 while $342,616,047.01 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 DOT a low risk assessment.

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Summary

The price volatility of DOT 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 coin’s manipulability as of now.