Is the Benefit Worth the Peril?
Investment analysis website InvestorsObserver has given Dogecoin a medium Risk/Reward Score and an average risk rating based on the cryptocurrency’s recent price movement. The company employs a proprietary scoring system that gauges how easily manipulated a crypto is by limited trading activity, using a range of 0 to 100. A low result indicates high risk, while a high one suggests low risk. DOGE’s risk gauge scored “moderate” for portfolio managers keen on assessing risk. The cryptocurrency has experienced a 2.14% drop over the past 24 hours and its market capitalisation has risen to $8.8bn while around $264m has been traded over the past day. Trading volume remains lower than average, which has resulted in an average risk ranking rather than a lower or higher score.