Should You Buy DeFi Land (DFL) Monday?

Should You Buy DeFi Land (DFL) Monday?

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Monday, January 29, 2024 02:03 PM | InvestorsObserver Analysts

Should You Buy DeFi Land (DFL) Monday?

DeFi Land receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

Risk/Reward Score - High

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

Trading Analysis

The risk gauge rank for DFL shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. DeFi Land is 9.02% lower as of the last 24 hours of trading, resulting in its current price of $0.002079690. The price movement has coincided with volume being below its average level and the token’s market capitalization risen. The market capitalization for the token now sits at $14,843,377.84 while $95,158.12 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives DFL a high risk assessment.

Summary

The price volatility of DFL over the last 24 hours results in a high risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be concerned on the token’s manipulability as of now. Click Here to get the full Report on DeFi Land (DFL).

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