Is UMA (UMA) a bad investment on Saturday?

0
Is UMA (UMA) a bad investment on Saturday?

InvestorsObserver analysis gives UMA a weak risk Evaluation. The proprietary scoring system calculates how much money was needed to move the price over the past 24 hours with changes in volume and market capitalization to find out if a crypto can potentially be easily manipulated by limited trading activity. Low values ​​represent high risk while high scores represent low risk based on a range of 0 to 100.

Risk/Reward Score - Low
InvestorsObserver gives UMA a low risk/reward score. Find out what this means for you and get the rest of the rankings on UMA!

Business analysis

UMA’s current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score very useful in avoiding (or potentially seeking out) risky investments. UMA has traded down 20.85% in the past 24 hours at its current price of $3.92. This change occurred as the volume is below its average level and the market capitalization of the token has increased. The cryptocurrency now has a market cap of $269,367,428.77 while $230,902,986.28 of the token has been traded in the last 24 hours. The change in price relative to the degree of change in volume and market capitalization gives UMA a low risk rating.

Summary

UMA’s recent price movement gives the cryptocurrency a low risk score due to price volatility over the past 24 hours versus volume changes, giving traders reason to be confident about to the workability of the token at the moment.

Click here for the full UMA report (UMA).

Stay informed

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here