New insights on on-chain data reveal the percentage of profitable holders for Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins.<\/p>\n
IntoTheBlock, a market intelligence platform, shares comparisons of major memecoins in terms of holders in profit.<\/p>\n
The “holders in profit” metric tracks the percentage of investors currently holding net unrealized profits.<\/p>\n
It analyzes the transaction history of each address in the blockchain to determine the average purchase price, indicating profit if the current spot price surpasses this cost basis.<\/p>\n
Among five memecoins, Dogecoin, Shiba Inu, Pepe (PEPE), Floki (FLOKI), and Mog Coin (MOG), Dogecoin stands out with 72.75% profitable holders, leading the group.<\/p>\n
Floki follows at 70.42% and Mog Coin at 61.48%, while Shiba Inu and Pepe have lower percentages of profitable holders with 46% and 56% respectively.<\/p>\n
Even though Shiba Inu has less than half of its investors in profit, historically, a low indicator value can be viewed as a bullish sign for a cryptocurrency.<\/p>\n
With fewer profitable addresses, selling can exhaust, potentially signaling a price bottom. Shiba Inu might be in a favorable position among these memecoins.<\/p>\n
Axel Adler Jr, from CryptoQuant, shared data on Bitcoin’s profitability, highlighting that around 75% of the circulating supply is currently profitable.<\/p>\n
Note that this metric is different from the holders in profit, focusing on the percentage of the supply that is in profit.<\/p>\n
Presently, Dogecoin is trading around $0.101, experiencing a nearly 3% decrease over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
New insights on on-chain data reveal the percentage of profitable holders for Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins. Top Profitability in Major Memecoins for Dogecoin IntoTheBlock, a market intelligence platform, shares comparisons of major memecoins in terms of holders in profit. The “holders in profit” metric tracks the percentage of investors currently holding […]<\/p>\n","protected":false},"author":1,"featured_media":17538,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Dogecoin Holders, Shiba Inu, and Pepe Profitability Comparison - Bitrabo","description":"New insights on on-chain data reveal the percentage of profitable holders for Dogecoin (DOGE), Shiba Inu (SHIB), and other memecoins. Top Profitability in Major"},"footnotes":""},"categories":[316],"tags":[4660,461,1133,585,1615,2425,584,3358],"class_list":["post-17537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-compare","tag-dogecoin","tag-holders","tag-inu","tag-pepe","tag-profit","tag-shiba","tag-shiba-inu"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=17537"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/17537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/17538"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=17537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=17537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=17537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}