Helium has an average risk assessment based on the analysis. Based on changes in the volume and market capitalization of the previous 24 hours, the proprietary scoring system determines if a crypto can potentially be manipulated by limited trading activity. A score between 0 and 100 ranges from low to high risks, where low scores indicate high risk.
Trading Analysis – December 2021
As of now, HNT has a risk gauge score that translates to an investment with moderate risk. When trying to avoid (or discover) more risky investments, portfolio managers who heavily weigh risk assessment will find this gauge more relevant.
With its current price of $36.64, Helium is 18.16 percent below its 24 hour average price. Volume has fallen below the coin’s average level during this time period, while its market capitalization has increased during the same period. A total of $58,509,991.72 worth of the crypto has been traded over the past 24 hours, according to the crypto’s market capitalization. Helium is average risk analysed by its volatility in price relative to changes in volume and market cap.
Summary
HNT’s price volatility during the past 24 hours has resulted in an average risk analysis due to its price volatility as well as changes in trading volume. Thus, investors shouldn’t excessively worry about HNT’s manipulability at this time.
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.
