Should You Sell Dogecoin (DOGE) Thursday?
Dogecoin achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
The risk gauge rank for DOGE shows the coin is currently a moderate risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
DOGE has traded 5.14% lower over the past 24 hours to its current price of $0.07. This shift has occurred while volume is below its average level and the coin’s market capitalization has risen. The cryptocurrency now has a market capitalization of $8,782,949,390.28 while $612,491,736.43 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Dogecoin an average risk rating.
The price volatility of DOGE over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the coin’s manipulability as of now.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.