66% of all Dogecoin (DOGE) holders are ‘in profit,’ data shows | CryptoSlate

CryptoSlate

The majority of current Dogecoin (DOGE) holders are reaping profits as the most famous meme token rallied 24,7% during the past seven days, while the price of Ethereum (ETH) grew 18,9% and the price of Bitcoin (BTC) rose 15,5%.

Dogecoin’s rally also outpaced Cardano (ADA), which moved up 11,4 %, while Ripple (XRP) followed with an 8,7 % price increase, but the token’s current value of $0.25 is still far below the all-time high of $0.75 it recorded in May.

How To Get Free Crypto  

Two-thirds of Dogecoin holders are enjoying profits 

According to an analytics report shared by the market intelligence Into The Block, roughly two-thirds of Dogecoin holders are enjoying profits.

“The majority of $DOGE investors must be happy, as the In/Out of the Money analysis reveals that over 66% of the addresses currently holding DOGE are in a state of profit,” tweeted the analytics agency. 

According to Crypto.com’s recent report, the most of this year’s exchange trading activity came from altcoins ahead of the biggest cryptos, with dog meme tokens leading the front. 

Propelled by the influx of new users, Shiba Inu (SHIB) and Dogecoin steered the altcoin surge in 2021, revealed the crypto service company’s data.

Coinbase Banner  

Fame and fortune

During the past 12 month period, the token recorded an impressive 6746% surge, while the self-proclaimed “Dogefather” continues publicly supporting his favorite meme crypto.

Currently, the seventh crypto by market cap of a staggering $33.4 billion owes the biggest portion of its promotion to Tesla and SpaceX CEO Elon Musk, who recently revealed the makeup of his crypto holdings as he admitted owning Bitcoin, Ethereum, and Dogecoin.

This indisputably advantageous year for Dogecoin confirmed the fact that good memes shouldn’t be underestimated.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Go to Source
Author: Ana Grabundzija


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.