“Ethereum’s potential for growth and innovation, coupled with its strong network effect and increasing adoption, make it a compelling investment choice for those seeking long-term returns in the cryptocurrency market.”
InvestorsObserver analysis gives Ethereum 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.
Ethereum is currently a low-risk investment according to the risk gauge rank. Traders focused on risk assessment will find this gauge useful for avoiding or adding risky investments.
As of the last 24 hours of trading, Ethereum is 0.11% lower, resulting in its current price of $1,635.29. The price movement coincides with volume being below its average level, and the coin’s market capitalization has risen. The market capitalization for Ethereum now sits at $196,671,985,726.18, while $4,396,403,850.24 worth of the crypto has been exchanged over the past 24 hours. Based on the price movement relative to changes in volume and market cap, Ethereum receives a low risk assessment.
In summary, Ethereum’s recent price movement relative to trading volume gives traders reason to be confident in the coin’s manipulability as of now.
To get the full report on Ethereum (ETH), click here.
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