Chonk receives a high risk rating from Investors Analytics. The property registry system analyzes how much money is required to move the price in the last 24 hours. The metric looks at recent changes in volume and market capitalization to assess how much token can be manipulated through limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values corresponding to low risk.
CHONK’s risk scale score translates into a high-risk investment at the moment. Portfolio managers who weigh risk assessment significantly will find this metric more relevant when trying to avoid (or discover) riskier investments. CHONK has been trading down 20.18% in the past 24 hours to its current price of $16.25. This shift occurred when the volume was below its mean and the market cap of the token declined. The cryptocurrency now has a market capitalization of $633,840.35 while $17,759.42 of the token has been traded in the past 24 hours. Changing the price in relation to the degree of volume and changes in market value gives Chonk a high risk rating.
CHONK’s price action over the past trading day results in a high risk rating as recent price action relative to trading volume gives traders reason to worry about the possibility of the token being manipulated thus far. Click here for the full Chonk (CHONK) report.