66% of DOGE holders are in profit as the latest data showed with the coin outpacing the biggest cryptocurrencies including BTC and ETH as we are reading more in our latest Dogecoin news today.
The majority of the doge holders are reaping the profits as the most famous meem coin increased 24.7% during the past week while the price of ETH growing 18.9% and the price of BTC increased to $15.5%. DOGE’s rally outpaced Cardano which moved up 11.4% while XRP followed with an 87% price rise but the token’s value of $0.25 is far below the ATH of $0.75 as recorded in May. As per the analytics report by The Block, about two-thirds of DOGE holders or about 66% of DGE holders are enjoying their 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.”
And finally pic.twitter.com/TcgwMSyjAy
— Elon Musk (@elonmusk) July 25, 2021
According to crypto.com report, most of this year’s exchange trading activity came from the altcoins ahead of the biggest cryptos with the meme dog token leading the front. Propelled by the influx of new users, Shiba Inu and DOGE steered the surge in 2021 and showed the crypto service’s company data. During the past 12 months, the token recorded a huge 6746% surge while the self-proclaimed Dogfatehr continued to publicly support his favorite meme coin. The seventh crypto by market cap with $33.4 billion owes the biggest portion of the promotion to Tesla and SpaceX CEO Elon Musk who revealed the makeup of the crypto holdings as he admitted owning BTC, DOGE, and ETH. This advantageous year for DOGE confirmed the fact that the good memes should not be underestimated.
#Dogecoin is back in the spotlight as the meme cryptocurrency surged by 18.8% over the past 7-days.
— IntoTheBlock (@intotheblock) August 9, 2021
As recently reported, The weekend continues with strong gains for BTC as the asset spiked above another price line that was coveted by reclaiming $45K and most altcoins are also well in the green led by a strogn surge from Doge of over 25% in one day. The positive developments in the USD price continue in the crypto market and the biggest asset, bitcoin was on a roll since mid-July when it dropped below $30,000. The bulls kept pushing it north and broke a resistance line after the other. Over the past few days alone, BTC pumped above $40K and continued upwards to the new three-month record registered a few hours ago. BTC surged to just over $45,000 for the first time since the recent crash and as such, the market capitalization increased to $850 billion.
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