Is PancakeSwap (CAKE) a Bad Investment Friday?

PancakeSwap checks average risk analysis based on Investors Research. The proprietary system measures how much a token has been manipulated by analyzing how much money it took to change its price in the past 24 hours along with analysis of recent changes in volume and market value. The scale is between 0 and 100 with lower scores equaling higher risks and higher values ​​representing lower risks.

Investors PancakeSwap gives a medium risk/reward score. Find out what this means for you and get the rest of the ratings on PancakeSwap!

Trading Analysis

The CAKE Risk Scale rating shows that the token is currently a medium-risk investment. Traders who focus on assessing risk will find the most useful measure to avoid (or add) to risky investments. CAKE has been trading down 3.07% over the past 24 hours to its current price of $11.22. This shift occurred when the volume was below its mean and the market capitalization of the token increased. The cryptocurrency now has a market capitalization of $2,900,791,835.98, while $145,649,096.84 worth of the token has been traded in the past 24 hours. The price change in relation to volume and market value changes gives PancakeSwap an average risk rating.

Abstract

CAKE price action over the past trading day results in a medium risk rating as recent price action relative to trading volume gives traders a reason not to be overly concerned about the possibility of the token being manipulated just yet. Click here for the full PancakeSwap (CAKE) report.