Is Steem (STEEM) worth risking on Friday?

robydnfs98 (46)in SteemitCryptoAcademy • 2 years ago

Is Steem (STEEM) worth risking on Friday?

Steem performs a low-risk analysis based on InvestorsObserver research. The proprietary system measures how much a coin can be manipulated by analyzing the money it has spent changing its price over the last 24-hour period, along with analyzing recent changes in volume and market value. The indicator ranges from 0 to 100, with lower scores equaling higher risk, while higher values represent lower risk.

InvestorsObserver gives Steem a low risk/reward rating. Find out what this means to you and get the rest of the rankings on Steem!
See the full STEEM report:
https://www.investorsobserver.com/crypto/1230/steem

Trading Analysis

STEEM's risk measurement score currently indicates a low-risk investment. Portfolio managers who place a heavy emphasis on risk assessment will find this metric more relevant when trying to avoid (or explore) higher-risk investments. Steem price is 9.72% lower in the last 24 hours and is currently valued at $0.33. The price change disappears as the volume remains below its average level and the market value of the coin increases in the same period. The market capitalization of the crypto is currently $131,002,935.20, meanwhile, $25,142,724.11 worth of coins were traded in the last 24 hours. Price volatility relative to changes in volume and changes in market value gives Steem a low-risk analysis.

Summary

Recent STEEM price action has given the cryptocurrency a low-risk score due to the past 24-hour price volatility associated with volume swings, giving traders reason to be confident in the manipulability of the currency at this time.