Dogecoin Holders Show Remarkable Profitability Resilience

Dogecoin holders maintain at least 40% profitability, showcasing resilience against market volatility. In 2024, nearly 48.4% of DOGE addresses are profitable, highlighting strong investor confidence. The highest loss recorded for Dogecoin holders was 72.62% in 2015, a figure not reached since.

A recent analysis by IntoTheBlock reveals a significant historical trend among Dogecoin (DOGE) holders. According to the data, a large portion of DOGE addresses have consistently stayed profitable. This finding, highlighted by a post from ALTCOIN DADDY, emphasizes Dogecoin’s unique position in the cryptocurrency market.

The latest statistic as of February 5, 2024, shows that 4.84% of the DOGE addresses are in the money. This translates to approximately 2.86 million addresses with profitable Dogecoins in their wallets. This trend is noteworthy especially when compared to other altcoins whose holders incur losses when the market declines.

Historical data shows that the percentage of DOGE addresses in profit has rarely fallen below 40%. This shows that there is strong accumulation among the Dogecoin investors which means that there is a strong holding pattern. In the periods of market growth in 2018 and 2021, many DOGE addresses were in the profit zone. These peaks correlate with significant occurrences and bull runs in the cryptocurrency market.