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Dogecoin achieves a low risk evaluation primarily based on InvestorsObserver analysis. The proprietary system gauges how a lot a coin may be manipulated by analyzing a lot cash it took to shift its worth over the past 24 hour interval together with evaluation of latest adjustments in quantity and market cap. The gauge is between 0 and 100 with decrease scores equating to larger danger whereas larger values symbolize decrease danger.
Buying and selling Evaluation
DOGE’s present danger rating means it’s a comparatively low danger funding. Buyers primarily involved with danger evaluation will discover this rating most helpful in an effort to keep away from (or doubtlessly hunt down) dangerous investments.
DOGE has traded -0.60% decrease over the previous 24 hours to its present worth of $0.13. This shift has occurred whereas quantity is under its common degree and the coin’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $17,641,567,817.81 whereas $774,334,462.89 price of the coin has traded over the past 24 hours. The value change in relation to the diploma of quantity and market cap adjustments offers Dogecoin a low danger score.
Abstract
DOGE’s worth motion over the previous day of buying and selling results in a low danger rating as its latest worth motion relative to buying and selling quantity offers merchants motive to be assured on the coin’s manipulability as of now.
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