82% Profit Surge for Dogecoin (DOGE) Holders: How Does Shiba Inu (SHIB) Compare?

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Major cryptocurrencies have exhibited an interesting price dynamic in the past few days. According to data from Coinmarketcap, the majority of cryptocurrencies, including Dogecoin, have posted losses in the past 24 hours. On the other hand, some of these cryptocurrencies are still on a price increase when looking at a larger timeframe and many more addresses have crossed into the profitability zone in the past seven days.

Dogecoin, for instance, is still up by 9% in a 7-day timeframe. As a result, the number of DOGE addresses in profitability has now been pushed to 83%, with 163,000 more addresses waiting to be pushed into profit if DOGE crosses over $0.1657.

Holders of Shiba Inu, Dogecoin’s meme counterpart, haven’t been treated to the same effect. At the time of writing, the number of SHIB holders in profitability has largely consolidated around 60%.

Explore the profitability dynamics of Dogecoin and Shiba Inu holders, and the factors that could influence future profitability.

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Dogecoin And Shiba Inu Holder Profitability
According to data from IntoTheBlock’s “In/Out of the Money” metric, Dogecoin is still proving itself to be the top meme coin... Read the full article for FREE at COINOTAG!