On Monday, Are the Rewards worth the Risks of Investing in Dogecoin (DOGE)?

Dogecoin has received an average risk rating from InvestorsObserver’s proprietary scoring system, which analyses how much money is needed to move the price over the past 24 hours. The scoring metric evaluates how much a coin can be manipulated by limited trading by assessing recent changes in volume and market cap. The score ranges from zero to 100, with low scores representing high risk and high values equating to low risk. In addition, InvestorsObserver has given Dogecoin a medium Risk/Reward Score. Its price has fallen 1.1% over the past 24 hours, with its current value at $0.06. The cryptocurrency’s market capitalisation now stands at $8.54bn, while $223m worth of the currency has been traded over the past day. The volatility relative to trading volume and market cap changes result in an average risk analysis for Dogecoin. Overall, DOGE receives a moderate risk rating for investors.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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