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.