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Should You Buy Dogecoin (DOGE) Thursday?

Thursday, December 16, 2021 08:03 AM | InvestorsObserver Analysts
Should You Buy Dogecoin (DOGE) Thursday?

Dogecoin achieves a low 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.

Risk/Reward Score - Low
InvestorsObserver is giving Dogecoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Dogecoin!

Trading Analysis

DOGE's risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. The price of Dogecoin is 2.47% lower over the last 24 hours, leading to its current value of $0.18. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $23,894,186,244.30, meanwhile $1,887,125,292.17 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Dogecoin a low risk analysis.

Summary

Recent price movement of DOGE gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment. Click Here to get the full Report on Dogecoin (DOGE).

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