HomeAltcoinOver 60% of Dogecoin Holders Profit While Most Shiba Inu Investors Lose...

Over 60% of Dogecoin Holders Profit While Most Shiba Inu Investors Lose – IntoTheBlock


Leading Blockchain Analytics Firm Reveals More Than 60% Of Dogecoin (DOGE) Meme Token Holders Are Profiting While Most Rival Shiba Inu (SHIB) Meme Token Holders Are In The Red .

According to IntoTheBlock, 63% of DOGE holders are profitable on their investments, while 35% are losing.

Meanwhile, 45% of Shiba Inu keepers are in green territory, while 47% are underwater. The rest is at the breakeven point.

Dogecoin is trading at $0.0936 at the time of writing, while Shiba Inu is worth $0.000014.

Both dog-themed tokens are finding a surge of interest of late. Dogecoin shows bullish price action following reports that billionaire Elon Musk, a DOGE supporter, is taking steps to introduce crypto payments on Twitter.

Meanwhile, Shiba Inu is planning an imminent release of the Shibarium protocol, a Layer 2 network built on top of Ethereum, similar to Polygon (MATIC).

Most holders of the top two cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH), are in the green on their investments, according to IntoTheBlock.

Among Bitcoin holders, 61% are in profit, while 35% are under water.

Bitcoin is worth $23,387 at the time of writing.

The picture is similar for the smart contract platform with 62% of ETH holders seeing gains and 36% nursing losses.

Ethereum is trading at $1,656 at the time of writing.

As for Polygon, 51% of Ethereum layer 2 token holders are in the green, while 47% are in losses, according to IntoTheBlock.

Polygon is worth $1.23 at the time of writing, an increase of about 63% since the start of the year.

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