InvestorsObserver analysis gives Pax Dollar a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.
USDP’s current risk score means it is a relatively low risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
USDP has traded -0.25% lower over the past 24 hours to its current price of $1.00. This shift has occurred while volume is below its average level and the token’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $943,940,517.50 while $82,214,422.89 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Pax Dollar a low risk rating.
USDP’s price movement over the past day of trading leads to a low risk ranking as its recent price movement relative to trading volume gives traders reason to be confident on the token’s manipulability as of now.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Read More: Should You Sell Pax Dollar (USDP) Sunday?