Would it be a Wise Decision to Invest in Dogecoin (DOGE) on Tuesday?

According to a risk analysis completed by InvestorsObserver, Dogecoin has achieved a low risk score when compared to investment opportunities available in the cryptocurrency market. The proprietary system is used to determine how much a coin can be manipulated by analysing the amount of money required to shift the price over a 24-hour period, along with recent changes in market cap and volume. DOGE’s current rating means it is deemed a relatively low-risk investment, which is most useful for investors primarily concerned with risk assessment. The low risk rating has been given following a period of price volatility during which DOGE’s price fell by 1.28%. Despite this change in price, volume has remained below average, and the coin’s market cap has decreased, resulting in the low-risk rating. The cryptocurrency currently has an overall market capitalisation of $9.67bn, and during the past 24 hours, $458m worth of the coin has traded.

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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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