55% Dogecoin (DOGE) Holders Now In Profit As It Rallies 20%

Key Points:

According to IntoTheBlock, 55% of Dogecoin owners are in the green, 40% are losing money, and 4% are breaking even.
73% of DOGE owners have held the leading meme coin for more than a year, while only 3% have purchased Dogecoin in the previous month.

According to a top analytics firm, the bulk of Dogecoin (DOGE) holders are now witnessing gains following the cryptocurrency’s impressive performance this month.

According to IntoTheBlock, 55% of DOGE owners are in the green, 40% are losing money, and 4% are breaking even.
This month, Dogecoin has had positive price activity, surging from the first day of the 2023 opening of $0.068 to its current price of $0.083, representing gains of more than 19% in just three weeks.

Source: Tradingview

Despite this month’s rally, DOGE is still down more than 87% from its all-time high, set in May 2021.
According to IntoTheBlock, 73% of DOGE owners have held the leading meme coin for more than a year, while only 3% have purchased Dogecoin in the previous month. Approximately 24% of DOGE holders have held the asset for less than a year but longer than a month.
Smart Contracter, a well-known crypto strategist, is also keeping a close eye on Dogecoin. After completing an ABC corrective move on the three-day chart and retesting a prior resistance region as support, the analyst informs that the meme asset appears fascinating in its Bitcoin pair (DOGE/BTC).

At the time of writing, the DOGE/BTC pair is trading at 0.00000372 BTC ($0.089), which is still higher than Smart Contracter’s support level.

Source: Tradingview

Coincu previously reported that Dogecoin (DOGE) and Shiba Inu (SHIB) have skyrocketed with Bitcoin and the broader market, leaving the new much-hyped dog-themed cryptocurrency Bonk (BONK) in the rearview mirror.
Bit Mining announced the availability of their cutting-edge, model LD3 Litecoin and Dogecoin mining device, which was created exclusively for mining on the DOGE and LTC blockchains.
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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