Trading Analysis
HNT ranks moderately risky on the risk gauge. The gauge will be most useful to risk-averse traders who are looking to avoid (or add) risky investments.
The price of Helium is 5.44% lower over the last 24 hours, leading to its current value of $39.79. The change in price goes along with volume being below its average level while the coin’s market capitalization has risen during the same time period. During the past 24 hours, $4,188,809,591.31 worth of cryptocurrency has been traded, amounting to $34,138,973.59. Helium has an average risk analysis due to the volatility of its price in relation to volume changes and market cap changes.
Summary
As the coin’s price movement relative to its trading volume over the past day of trading has resulted in an average risk ranking, traders do not necessarily need to worry about the coin’s manipulability at this point.
Original Article can be found at; https://www.investorsobserver.com/news/crypto-update/helium-hnt-do-the-risks-outweigh-the-rewards-saturday
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
