TopBidder achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
BID’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 TopBidder is -61.10% lower over the last 24 hours, leading to its current value of $0.26. 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 $1,668,841.12, meanwhile $390.43 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 TopBidder a high risk analysis.
BID’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.