Joke Gains: Analyzing The Profitability Of The Top Meme Coins
Meme coins have increasingly become the investment choice for a lot of crypto investors over the last year. Their tendency to return large gains in a short period of time has been one of the major drivers behind their rapid adoption. However, as with anything that carries the potential for high rewards, these meme coins […]
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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 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 […]
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....
The prices of Dogecoin, Shiba Inu, and PEPE have been on the come-up as the Bitcoin price has recovered. However, at this time, all of their profitability levels remain different, meaning investors in these meme coins are seeing varying levels of profit and losses. In this report, we compare the profitability levels of these three […]
Nearly every day now, a new meme coin seems to be making the news. Indeed, just last week, Tesla founder Elon Musk sparked a bit of a scandal when he tweeted that he’d eat a McDonald’s Happy Meal on live TV if the fast-food giant began accepting his favorite cryptocurrency, Dogecoin, the grandfather of all […]