Majority of Dogecoin (DOGE) Holders Now in Profit After Shiba Inu Rival Rallies 32% This Month: IntoTheBlock
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A leading analytics firm shows that the majority of Dogecoin (DOGE) holders are now seeing gains after its strong performance this month. IntoTheBlock reveals that 62% of Dogecoin owners are in the green with 36% nursing losses and 2% breaking even. The top Shiba Inu (SHIB) competitor is witnessing bullish price action this month, rallying from a 2023 open of $0.068 to its current price of $0.090, marking gains of over 32% in about three weeks. Despite this month’s bounce, DOGE is still down more than 87% from its all-time high, which it hit in May 2021. IntoTheBlock also reveals
Dogecoin began a recovery with the rest of the crypto market in October and by December, the altcoin’s price would rise to a local peak of $0.107. Amid this recovery, DOGE miners have been selling off a significant portion of their holdings, which could explain the decline in the asset’s…