HomeAltcoinMost Dogecoin (DOGE) Holders Now Profit After Rival Shiba Inu Rallies 32%...

Most Dogecoin (DOGE) Holders Now Profit After Rival Shiba Inu Rallies 32% This Month – IntoTheBlock


A leading analytics firm shows that most Dogecoin (DOGE) holders are now seeing gains after their strong performance this month.

IntoTheBlock reveals that 62% of Dogecoin owners are in the green with 36% nursing losses and 2% breaking even.

The main competitor to the Shiba Inu (SHIB) is seeing bullish price action this month, rallying from a 2023 open of $0.068 to its current price of $0.090, marking gains of over 32% in about three weeks.

Despite this month’s rebound, DOGE is still more than 87% below its all-time high, which it hit in May 2021.

IntoTheBlock also reveals that 73% of DOGE owners have held the leading meme coin for over a year, while only 3% have purchased Dogecoin in the past month. Approximately 24% of DOGE holders have owned the asset for less than a year but more than a month.

Popular crypto strategist Smart Contracter is also keeping a close eye on Dogecoin. The analyst tells his 219,100 Twitter followers that the meme asset looks interesting in its Bitcoin (DOGE/BTC) pair after completing an ABC corrective move on the three-day chart and retesting a previous resistance area for support. .

‚ÄúDOGE/BTC is at a pretty interesting time [three-day] level here. If you think you’ve hit rock bottom, DOGE is never a bad bet.”

Font: Smart Contractor/Twitter

At time of writing, the DOGE/BTC pair is changing hands for 0.00000387 BTC ($0.089), still above the Smart Contracter support level.

Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox

Check Price Action

follow us TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Check the latest news headlines


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Image generated: half way
Featured Image: Shutterstock/MrArtHit


Heath Tarbert joins Circle as General Counsel and Director of Corporate Affairs

In an exciting development for the global fintech industry, Circle Internet Financial has appointed Heath Tarbert as its new Chief Legal Officer and Head of...

Here is the bullish case for Ethereum Rival Solana (SOL), according to InvestAnswers

A widely followed analyst is giving a bullish outlook on the blockchain development of Ethereum (ETH) competitor Solana (SOL). In a new interview with Paul Barron,...

Rich Dad Poor Dad Author Says Biggest Real Estate Crash in History Is Coming, Calls BTC and Precious Metals the Answer

Rich Dad Poor Dad author Robert Kiyosaki once again predicts that the real estate sector will collapse and cause a severe global financial crisis. Former best-selling...

Binance Pay and Credencial Payments join forces to enable real-time crypto payments in Latin America

In a strategic alliance that aims to revolutionize the digital payments landscape, Binance Pay, the digital payments platform of the world's largest cryptocurrency exchange, Binance,...

Most Popular