Home > Information news > Why Dogecoin and SHIB’s LEASH Shine with 42% and 19% Profit Rates in a Gloomy Market

Why Dogecoin and SHIB’s LEASH Shine with 42% and 19% Profit Rates in a Gloomy Market

Release: 2023/09/13 08:30 Reading: 511

Original author:Crypto News Land

Original source:https://coinmarketcap.com/community/articles/6500fdce5579a27de2c38585

  • Dogecoin leads with 42% holders in profit despite the recent market upheaval.
  • Shiba Inu displays resilience, but only 11% of its investors see profits.
  • Dogecoin’s price descent has made it lucrative for recent investors.
Amidst the crypto market’s recent downturns, meme coins Dogecoin and Shiba Inu are showcasing distinct investor experiences. Blockchain analytics from IntoTheBlock reveals that Dogecoin, the pioneer meme asset, is witnessing an impressive 42% of its holders in profit, even as it stands a staggering 91.66% below its May 2021 peak.

This unique resilience can be traced back to recent investors seizing the chance to buy Dogecoin at considerably diminished prices. A striking contrast, Shiba Inu has only 11% of its holders relishing profit, largely due to its price fluctuations and purchasing trends. Yet, within the Shiba Inu ecosystem, Doge Killer (LEASH) surprises with a profitability rate of 19%.

While the market’s roller-coaster has shaken many, it’s pivotal to note the strength Dogecoin exhibits and the unwavering commitment within the Shiba Inu ecosystem. As the crypto landscape undergoes shifts, both Dogecoin and Shiba Inu are anticipated to play vital roles in the meme coin narrative’s future, carrying immense potential for innovative developments and increased profitability.

Dogecoin and Shiba Inu, despite their recent trajectories, are poised for a bright future in the crypto realm. Their inherent potential, coupled with robust ecosystems, signals that they could redefine the meme coin market, ushering in waves of innovation and financial gains.

Read also:

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.