Dogecoin achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin 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.
Trading Analysis
DOGE’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.
The price of Dogecoin is -2.73% lower over the last 24 hours, leading to its current value of $0.06. The change in price goes along with volume being below its average level while the coin’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $7,544,230,796.62, meanwhile $395,884,511.09 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 Dogecoin an average risk analysis.
Summary
DOGE’s price movement over the past day of trading leads to an average risk ranking as its recent price movement relative to trading volume gives traders reason to be not overly concerned on the coin’s manipulability as of now.
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