Dogecoin receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.
Dogecoin is -1.59% lower as of the last 24 hours of trading, resulting in its current price of $0.06. The price movement has coincided with volume being below its average level and the coin's market capitalization fallen. The market capitalization for the coin now sits at $8,419,862,468.99 while $386,547,520.01 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives DOGE an average risk assessment.
Dogecoin (DOGE): Does the Reward Outweigh the Risks?
InvestorsObserver is giving Dogecoin a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Dogecoin!