Investors The analysis gives Enjin Coin a low risk rating. The proprietary system calculates the amount of funds required to move the price over the past 24 hours with changes in volume and market value to detect whether cryptocurrencies can be easily manipulated by limited trading activity. Low values represent high risk while high points equal low risk based on a range from 0 to 100.
ENJ’s current degree of risk means that it is a relatively low-risk investment. Investors who are primarily interested in assessing risk will find this degree very useful for avoiding (or perhaps seeking out) risky investments. The price of Enjin Coin has fallen by 7.48% in the past 24 hours, bringing its current value to $2.31. The change in price is consistent with the volume being below its average while the market cap of the token has increased over the same time period. The cryptocurrency market cap is now $1,961,649,804.46 while the coin has been traded at $207,026,832.12 in the past 24 hours. Fluctuations in price relative to changes in volume and changes in market value give Enjin Coin a low risk analysis.
ENJ’s price action over the past trading day results in a low risk rating as recent price action relative to trading volume gives traders reason to be confident that the token can be manipulated thus far. Click here for the full report on Enjin Coin (ENJ).