InvestorsObserver analysis gives Diamond 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 represent high risk while high scores equate to low risk based on a 0 to 100 range.
Trading Analysis
The risk gauge rank for DMD shows the coin is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. Diamond is 10.90% lower as of the last 24 hours of trading, resulting in its current price of $1.83. The price movement has coincided with volume being below its average level and the coin’s market capitalization rising. The market capitalization for the coin now sits at $6,946,562.51 while $11,200.92 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 DMD a high risk assessment.
Summary
Recent price movements of DMD give the cryptocurrency a high risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be concerned on the coin’s manipulability at the moment. Click Here to get the full Report on Diamond (DMD).