InvestorsObserver analysis gives Dogecoin a low 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.
DOGE’s risk gauge score translates to a low 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 Dogecoin is 0.53% lower over the last 24 hours, leading to its current value of $0.17. The change in price goes along with volume being below its average level while the coin’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $23,055,721,722.87, meanwhile $550,415,426.20 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 a low risk analysis.
The price volatility of DOGE over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.
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