Trading Analysis
SAND’s current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments.
SAND has traded -1.74% lower over the past 24 hours to its current price of $0.45. 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 $672,899,752.04 while $41,077,083.20 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 The Sandbox an average risk rating.
Summary
Recent price movement of SAND 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.
