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On Wednesday, What Insights Can a Risk Analysis Provide Regarding Dogecoin (DOGE)?

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By Niels
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A proprietary scoring system by analysis firm InvestorsObserver shows that Dogecoin has an average risk assessment, indicating that the cryptocurrency may not be easily manipulated by limited trading activity. The system calculates how easily the price of a crypto can be moved by changes in volume and market capitalisation. Based on the last 24 hours’ trading, Dogecoin’s risk gauge rank indicated it is a moderately risky investment. The coin’s price fell 2.86% to $0.07, with below-average trading volumes changing hands. The current market cap for Dogecoin is $10.4bn, while $323.9m worth of crypto has been exchanged over the past 24 hours. The average risk assessment is due to the price volatility in combination with changes in trading volume.

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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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