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On Sunday, should you buy ERC20 (ERC20)?

  • 👤 Timothy Neal
  • 👁 897
  • ⏰ Published: 2023-12-19 Time: 01:44:01
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    Should You Buy ERC20 (ERC20) Sunday?

    InvestorsObserver analysis gives ERC20 a high 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.

    Risk/Reward Score - High

    InvestorsObserver is giving ERC20 a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on ERC20!

    Trading Analysis

    VIDEO: ERC20 tokens - Simply Explained
    Simply Explained
    ERC20's risk gauge score translates to a high risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. The price of ERC20 is -21.88% lower over the last 24 hours, leading to its current value of $0.010172884. The change in price goes along with volume being below its average level while the token's market capitalization has fallen during the same time period. The crypto's market capitalization is now $11,481,447.28, meanwhile $338.42 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give ERC20 a high risk analysis.

    Summary

    VIDEO: What are ERC Tokens? ERC20, ERC721 Explained For Beginners
    CoinGecko
    ERC20's price movement over the past day of trading leads to a high risk ranking as its recent price movement relative to trading volume gives traders reason to be concerned on the token's manipulability as of now. Click Here to get the full Report on ERC20 (ERC20).

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    VIDEO: ERC20 Token Standard Explained
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    Author: Timothy Neal

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