Dogecoin receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low 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.
Dogecoin is -3.37% lower as of the last 24 hours of trading, resulting in its current price of $0.12. The price movement has coincided with volume being below its average level and the coin’s market capitalization fallen. The market capitalization for the coin now sits at $16,428,526,705.46 while $1,107,902,559.67 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 DOGE an average risk assessment.
Summary
Recent price movement of DOGE 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 coin’s manipulability at the moment.
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