Is Baby Doge Coin (BabyDoge) Worth the Risk Sunday?

31 July 2022

in DOGE

Reading Time: 2 mins read

Baby Doge Coin receives a low 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 token 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.

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

Trading Analysis

BabyDoge’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.

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BabyDoge has traded -0.59% lower over the past 24 hours to its current price of $0.000000001. This shift has occurred while volume is below its average level and the token’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $156,027,885.90 while $3,159,232.50 worth of the token has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Baby Doge Coin a low risk rating.

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Summary

The price volatility of BabyDoge over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token’s manipulability as of now.