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.
About The Author
