A leading blockchain analytics firm says a majority of meme token Dogecoin (DOGE) holders are in profit while rival meme token Shiba Inu (SHIB) owners are faring a lot worse.
According to IntoTheBlock, 56% of DOGE holders are profitable on their investments, 34% are sitting on losses, and 10% are breaking even.
Dogecoin is trading for $0.075 at time of writing, down more than 24% from its 2023 high of $0.099.
Trending: A Professor Abandoning A Spouse And Kids For A College Student Isn’t Brave, But Wicked
Meanwhile, just 29% of SHIB holders are profitable, while 67% are underwater.
SHIB is worth $0.000011 at time of writing, down more than 31% from its high this year of $0.000016.
The Shiba Inu ecosystem saw its highly anticipated layer-2 scaling solution Shibarium go live in beta form this month. The layer-2 protocol is
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!