Dogecoin achieves a low 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.
DOGE’s current risk score means it is a relatively low 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 -0.72% lower as of the last 24 hours of trading, resulting in its current price of $0.17. 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 $22,510,621,682.67 while $479,482,254.82 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 a low risk assessment.
Recent price movement of DOGE gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin’s manipulability at the moment.