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Thursday: Is Bonk (BONK) Worth the Risk?

  • 👤 Caleb Paul
  • 👁 1188
  • ⏰ Published: 2023-12-17 Time: 09:14:01
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    Is Bonk (BONK) Worth the Risk Thursday?

    Bonk 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.

    Risk/Reward Score - Medium

    InvestorsObserver is giving Bonk a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bonk!

    Trading Analysis

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    The risk gauge rank for BONK shows the token is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. BONK has traded -21.82% lower over the past 24 hours to its current price of $0.000002428. This shift has occurred while volume is below its average level and the token's market capitalization has fallen. The cryptocurrency now has a market capitalization of $131,564,599.04 while $76,013,387.52 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 Bonk an average risk rating.

    Summary

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    BONK's price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the token's manipulability as of now. Click Here to get the full Report on Bonk (BONK).

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    Author: Caleb Paul

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