Doge coin holders are in profit, 67% of holders are underwater

Doge coin holders are in profit, 67% of holders are underwater

Doge coin DOGE USD holders are in profit, while Shiba Inu SHIB USD holders are underwater, according to IntoTheBlock, a leading analytics firm.

Fifty-six percent of Doge coin holders are profitable from their investment, 34% are sitting on losses and 10% are breaking even.

Nearly 29% of Shiba Inu holders are profitable, and 67% are underwater.

In the last week, the price of DOGE was up by 12%, up from $0.0741 at the time of writing. SHIB was trading at $0.00001079 at the same time, only 5% more than the previous seven days.

A DAO organization that supports DOGE has planned a pilgrimage to Japan to meet the dog that inspired the DOGE meme.

Doge coin Leaps On Elon Musk's reported Twitter Payments Plan: Why Do DOGE Supporters Are Excited?

In a post last week, the Own The Doge DAODoge DAO, known as its DOGE-themed non-fungible token, said it had planned a trip to Japan to meet the original Doge and its owner in May.

The same week, SHIB developer Shytoshi Kusama announced a beta version of the highly anticipated layer 2 scaling solution, Shibarium. Shibarium is an Ethereum ETH USD-based layer 2 blockchain similar to the Polygon MATIC USD. It is designed to allow developers to create fast, inexpensive, and highly scalable applications. After the completion of the beta version, Bone ShibaSwap BONE USD will be used as the governance token for the new ecosystem, and the digital asset will be used to pay gas fees.

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