Tether Gold receives an average 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.
Trading Analysis
XAUT’s current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
Tether Gold is 0.25% lower as of the last 24 hours of trading, resulting in its current price of $1,796.20. 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 $189,587,555.74 while $501,973.17 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 XAUT an average risk assessment.
Summary
The price volatility of XAUT over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the token’s manipulability as of now.
This news is republished from another source. You can check the original article here
Be the first to comment