Decentraland (MANA) Trading Analysis | Market Capitalization and Volume
The price of Decentraland is -3.66% lower over the past 24 hours, leading to its current value of $1.79. 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 $3,305,757,927.17, meanwhile $193,766,933.44 worth of the currency has been traded over the past 24 hours.
Risk Score InvestorsObserver | Top Traded CryptoCurrencies of 2022
InvestorsObserver analysis gives Decentraland an average 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.
relative to the changes in volume and market cap changes give Decentraland an average risk analysis.
Summary
Recent price movement of MANA gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token’s manipulability at the moment.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
