On Saturday, Should the Risks of Investing in Dogecoin (DOGE) be Considered Greater Than its Rewards?

According to analysis from InvestorsObserver, Dogecoin has been given an average risk score due to its recent price volatility over the past 24 hours, in relation to changes in volume. The proprietary scoring system calculates the level of monetary input required to move the price of a cryptocurrency, and determines whether it is susceptible to manipulation through limited trading activity, giving Dogecoin an average risk assessment. The price of the currency currently stands 2.96% lower than in the previous 24 hours and the coin’s market capitalization has risen during the same time period. With regard to risk assessment, investors primarily concerned with this area will find the score most useful in identifying risky investments. DOGE currently has a medium risk/reward score. As we previously reported, despite regularly failing to reach or maintain parity with bitcoin or ether, Dogecoin remains the third highest valued cryptocurrency.

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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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