DeFi Bids achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
Trading Analysis
The risk gauge rank for BID 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.
BID has traded 27.94% lower over the past 24 hours to its current price of $0.005912618. This shift has occurred while volume is below its average level and the token’s market capitalization has risen. The cryptocurrency now has a market capitalization of $135,778.93 while $1,047.78 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives DeFi Bids a high risk rating.
Summary
The price volatility of BID 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.
