Dogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Coins F...
A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Related Reading: Dogecoin Poised for a 150% Surge? Key Price Levels to Watch Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders....
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Holders of the top meme coins have witnessed rough price action in the past few weeks. The majority of meme cryptos have crashed hard during the last week, with losses of over 20% in each asset across the board. Particularly, holders of the top meme coins Dogecoin, PEPE, and Shiba Inu have been disappointed, as the price drop means many of them have now fallen out of profitability. Interestingly, IntoTheBlock’s “In/Out Of The Money” metric shows a varying level of profitability in each meme coin, and it seems like SHIB holders are currently feeling the heat the most.....
The Dogecoin price saw a notable plunge over the last day following the Bitcoin price decline. As a result of this, the profitability of Dogecoin holders has declined. However, the majority of DOGE holders continue to be in profit even through these turbulent times, which is a testament to the strength of the meme coin. […]
The market crash has been especially brutal for meme coins such as Shiba Inu and Dogecoin. These coins had recorded impressive numbers in the bull runs of 2021 but the real test had come once the market had begun to decline. This meant that most have lost a large percentage of their all-time high values that were hit during the bull run. Along with this, the profitability of the meme coins had declined and has seen most investors holding bags of losses. Only 14% In Profit According to data from IntoTheBlock, the number of Shiba Inu investors who are making money at current prices has....
The meme coins have had what can be said to be an amazing year so far. What started with Elon Musk shilling Dogecoin on Twitter has bloomed into a billion-dollar space. Meme coin after meme coin had followed Dogecoin and a good percentage of them had found favor in the market such as Shiba Inu […]
The battle between meme coins Dogecoin and Shiba Inu is bordering on legendary at this point. Like with any great rivalry, both these digital assets had pushed each other to their very best. However, with the hype around meme coins dying, both of them eventually bowed out as their prices crashed. Both have returned massive […]