Over 60% of Dogecoin Holders in Profit While Majority of Shiba Inu Investors Sitting on Losses: IntoTheBlock

A leading blockchain analytics firm has revealed that more than 60% of Meme Token Dogecoin (DOGE) holders are profitable, while the majority of rival Meme Token Shiba Inu (SHIB) holders are in the red. bottom.

According to IntoTheBlock, 63% of DOGE holders are make a profit While 35% have suffered losses in their investments.

On the other hand, 45% of Shiba Inu owners green territory, 47% of which are underwater. The rest are at breakeven.

Dogecoin is trading at $0.0936 at the time of writing and Shiba Inu is worth $0.000014.

Both dog-themed tokens have seen a surge of interest recently. Dogecoin shows strong price action after reports that DOGE backer billionaire Elon Musk is making moves to introduce crypto payments to his Twitter account.

Meanwhile, Shiba Inu plans the imminent launch of the Shibarium protocol, a Layer 2 network built on Ethereum, similar to Polygon (MATIC).

According to IntoTheBlock, the majority of holders of Bitcoin (BTC) and Ethereum (ETH), the top two cryptocurrencies by market capitalization, are willing to invest.

61% of Bitcoin holders profitable 35% are underwater.

Bitcoin is worth $23,387 at the time of writing.

The figure is similar for smart contract platforms with 62% of ETH holders. look gains and care losses of 36%.

Ethereum is trading at $1,656 at the time of writing.

Looking at Polygon, 51% of Ethereum Layer 2 token holders are green and 47% are green. sitting About loss per IntoTheBlock .

Polygon is worth $1.23 at the time of writing, up about 63% year-to-date.

Don’t miss a beat – subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey

Leave a Reply

Your email address will not be published. Required fields are marked *