Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

Key Points:

• IntoTheBlock reveals 65% of DOGE holders profit from their investments, while 34% lose money.
• 45% of Shiba Inu owners live in green spaces, while 47% live underwater. The remainder has reached the break-even point.
• The majority of holders of the top two cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), are profiting from their investments.

According to a top blockchain analytics business, nearly 70% of meme token Dogecoin (DOGE) holders are profitable, whereas the bulk of rival meme token Shiba Inu (SHIB) owners are losing money.

According to IntoTheBlock, 65% of DOGE holders profit from their investments, while 34% lose money.

Meanwhile, 45% of Shiba Inu owners live in green spaces, while 47% live underwater. The remainder has reached the break-even point.

At the time of writing, Dogecoin is worth $0.0966, whereas Shiba Inu is worth $0.000015.

Both dog-themed tokens have recently gained popularity. Following claims that billionaire Elon Musk, a DOGE backer, is attempting to integrate crypto payments to Twitter, the price of Dogecoin has risen.

Meanwhile, Shiba Inu is preparing to launch the Shibarium protocol, a layer-2 network built on Ethereum that is comparable to Polygon (MATIC).

According to IntoTheBlock, the majority of holders of the top two cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), are profiting from their investments.

As for Bitcoin (BTC), 61% of Bitcoin owners are profitable, while 35% are losing money.

At the time of writing, Bitcoin is trading at $23,439, which is up 2% over the last 24 hours.

For the smart contract platform, the result is similar, with 62% of ETH holders profiting and 36% suffering losses. At the time of writing, the price of Ethereum is $1,676, increasing 7% in the last day.

According to IntoTheBlock, 51% of holders of the Ethereum layer-2 token are in the black, while 47% are in the red. Polygon is currently valued at $1.27, a 64% increase from the beginning of the year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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