According to InvestorsObserver, AXIS Token has a high risk assessment. This proprietary scoring system determines how much money is needed to move the price during the past 24 hours, taking into account changes in volume and market capitalization. It also helps to identify if crypto could be easily manipulated with limited trading activity. Low scores are associated with high risk. High scores, on the other hand, indicate low risk.
Trading Analysis
AXIS currently has a high risk score, which means that it carries a high level of risk. Investors who are primarily interested in risk assessment will find this score most useful in order to avoid (or possibly seek out) risky investments.
AXIS Token has seen its price drop by -25.34% over the past 24 hours. Its current value is $0.006884482. While the token’s market capitalization fell during the same time, the price of AXIS Token has seen a decrease in volume. The crypto’s current market capitalization is $2,205121.39. Meanwhile, $101.80 worth of currency has been traded in the past 24 hours. AXIS Token is considered high-risk due to its volatility and relative changes in volume and market capital.
Summary
AXIS’s price change over the past trading day leads to a high risk rating as traders should be concerned about its manipulability. The token’s recent price movements relative to trading volume give traders reason to be worried about AXIS’s manipulation ability.
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.
