A leading blockchain analytics firm reveals that more than 60% of meme token Dogecoin () holders are in profit while the majority of rival meme token Shiba Inu () owners are in the red.
According to IntoTheBlock, 63% of DOGE holders are profitable in their investments while 35% are sitting on losses.
In the meantime, 45 per cent of Shiba. Inu holders are in green territory, while 47% are underwater. Everything else is in balance.
Dogecoin trades for $0.0936 at write time while shiba inu is valued at $0.000014.
The two dog-themed chips find renewed interest in the end. Dogecoin is showing bullish price action following reports that billionaire Elon Musk, a DOGE supporter, is making moves to introduce crypto payments to Twitter.
Meanwhile, Shiba Inu is planning an imminent of the Shibarium protocol, a layer-2 network built on top of Ethereum, similar to Polygon (
The majority of the holders of the top two cryptos by market cap, Bitcoin () and Ethereum (), are in the green in their investments, according to IntoTheBlock.
Among Bitcoin holders, 61% are in profit while 35% are underwater.
Bitcoin is valued at $23,387 at the time of entry.
The table is similar for the intelligent contract platform with 62% of operator earnings and 36% of nursing care losses.
Ethereum trades for $1,656 by the time it is written.
Looking at Polygon, 51% of the holders of the Ethereum layer-2 token are in the green while 47% are sitting on losses, per IntoTheBlock.
The polygon is valued at $1.23 at the time of writing, approximately 63 per cent higher than at the beginning of the year.