What does a risk analysis say on Phala Network (PHA) on Sunday?
Phala Network performs low risk analysis based on Investors Observer to research. The proprietary system estimates how much a coin can be manipulated by analyzing the amount of money it took to change its price over the past 24 hours, as well as analyzing recent changes in volume and market capitalization. The gauge is between 0 and 100, with lower scores representing higher risk, while higher values represent lower risk.
The risk gauge ranking for PHA shows that the coin is currently a low risk investment. Risk-oriented traders will find the gauge the most useful for avoiding (or adding) risky investments. Phala Network is -12.94% lower in the last 24 hours of trading, which translates to its current price of $ 0.51. The price movement coincided with above-average volume and a decline in the coin’s market cap. The coin’s market cap now stands at $ 139,745,272.84, while the crypto’s value of $ 337,787,981.11 has been traded in the past 24 hours. The movement of prices relative to changes in volume and market capitalization recently, gives PHA a low risk assessment.
PHA’s price movement over the last day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident about the coin’s manipulability at from now on. Click here for the full Phala Network (PHA) report.