HomeAltcoinMost Dogecoin Holders Profit While Bitcoin, Ethereum, Shiba Inu, Polygon Investors Take...

Most Dogecoin Holders Profit While Bitcoin, Ethereum, Shiba Inu, Polygon Investors Take Loss: IntoTheBlock


Crypto information firm IntoTheBlock finds that most of those invested in leading meme token Dogecoin (DOGE) are earning profits, while holders of other large crypto assets are bearing losses.

At the time of writing, 57% percent of all DOGE holders are in profit, while 37% are underwater and 6% are breaking even.

By contrast, most holders of Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Polygon (MATIC) and Litecoin (LTC) have careful losses.

At the time of writing, DOGE is changing hands for $0.092, up almost 15% in 24 hours. However, the leading meme token remains more than 87% below its all-time high. DOGE’s volatility has also increased by more than 200% in the past 30 days, according to IntoTheBlock.

A recent survey by crypto education site CoinKickOff found that Dogecoin holders were among the least “stressed out” of all digital asset investors. According to the survey, DOGE holders were ranked 28th least stressed.

Holders of FTT, the native token of recently bankrupt cryptocurrency exchange FTX, were ranked the number one most stressed investor cohort as of Nov. 17.

Holders of the stablecoin Tether (USDT), Bitcoin, Cardano (ADA), XRP, and Ethereum trailed holders of FTT in terms of greatest stress, in that order.

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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.

Featured image: Shutterstock/jamesteohart/MrArtHit


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