Over 5 Million DOGE Holders Profit as Dogecoin Targets $0.5 Milestone

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The majority of wallets in the Dogecoin (DOGE) ecosystem are in profit as the broader market tilts toward a bullish recovery.

According to data insights from IntoTheBlock (ITB), as many as 5.21 million addresses are in profit. The optimal price for this profit level is between $0.143227 and $0.150461.

Amid a bullish market recovery, a majority of Dogecoin wallets are in profit. This article explores the factors contributing to this profitability and the future outlook for DOGE.

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DOGE price and profitability

Per the data, the 5.21 million addresses account for 82.66% of the total addresses in the Dogecoin ecosystem. The data pegs the optimal price for this profit level in between $0.143227 and $0.150461. Addresses in loss on the network come in at approximately 850,400, or 13.5% of the total. Wallets in this category that refuse to sell their holdings can flip these negative gains if the price returns to $0.183729 to $... Read the full article for FREE at COINOTAG!