Cryptocurrency

Bitcoin

Dogecoin

Elon Musk

<div class="finbold">
 <p class="paragraph">Dogecoin (DOGE) is one of the oldest and most popular cryptocurrencies in the crypto market. In 2021, Elon Musk leveraged its popularity by showing public support and enthusiasm for the leading meme coin, which brought more <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> to the project.</p>
 <div></div>
 <p class="paragraph">Notably, more than half of all Dogecoin <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> are holding a <a rel="noopener noreferrer nofollow" title="profit" href="https://thebittimes.com/tag/profit.html">profit</a>able position on DOGE at the time of publication, according to data from <em>IntoTheBlock</em> on November 25.</p>
 <p class="paragraph">Essentially, this shows resilience in Dogecoin’s capacity as a store of value for these investors. As well as it could also indicate that these holders might sell DOGE at any moment to realize this profit.</p>
 <p class="paragraph">In particular, 57% of every cryptocurrency wallet address holding DOGE is “In The Money.” This means these Dogecoin investors bought DOGE at a price lower than the current $0.078342 per coin.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="354" src="https://cdn.thebittimes.com/images/2023/11/25/20ad77db08f690fd555e810d4bb4f051.webp" alt="Dogecoin (DOGE) token summary and holders.
" class="wp-image-139552" srcset="https://cdn.thebittimes.com/images/2023/11/25/20ad77db08f690fd555e810d4bb4f051.webp 1024w, https://cdn.thebittimes.com/images/2023/11/25/20ad77db08f690fd555e810d4bb4f051.webp 300w, https://cdn.thebittimes.com/images/2023/11/25/20ad77db08f690fd555e810d4bb4f051.webp 768w, https://cdn.thebittimes.com/images/2023/11/25/20ad77db08f690fd555e810d4bb4f051.webp 1396w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Dogecoin (DOGE) token summary and holders. Source: <em>IntoTheBlock</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-dogecoin-investors-are-long-term-holders">Dogecoin investors are long-term holders</h2>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/25/4f92a8b70f6ecfea623549a509f96b47.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptos-to-buy-under-0-10-next-week">3 cryptos to buy under $0.10 next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/25/4adf1e1e75234c127931cfd637132479.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="100-new-doge-millionaire-wallets-emerge-a-sign-of-big-money-interest">100 new DOGE millionaire wallets emerge; A sign of 'big money' interest</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/25/b719ab4b09ec0715e0713bedb2b577b0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="1-out-of-3-cardano-holders-are-in-profit">1 out of 3 Cardano holders are in profit</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/25/c3f57518ee1e823f86ca2e18c77561b1.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="these-stocks-delivered-biggest-shareholder-returns-in-last-decade">These stocks delivered biggest shareholder returns in last decade</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/25/ba2bae2362310e0b2f16e669e93511c3.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="short-squeeze-alert-for-november-21-two-cryptocurrencies-with-potential-to-skyrocket">Short squeeze alert for November 21: Two cryptocurrencies with potential to skyrocket</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Interestingly, 73% of all Dogecoin <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> hold their positions for over a year. These long-term holders are followed by 27% holding for less than one year, out of which 4% are positions with less than one month.</p>
 <p class="paragraph">The concentration by large holders is also notable. 65% of all Dogecoin addresses are considered either “<a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a>” or “whales” by <em>IntoTheBlock</em>. Investors hold more than 0.1% of DOGE’s circulating supply, while whales own at least 1% of it.</p>
 <p class="paragraph">Moreover, despite 57% of all Dogecoin investors being in profit, 38% are holding losses, and 5% are sitting in a breakeven position. With a 79% correlation to Bitcoin (BTC), cryptocurrency traders wonder what is next for DOGE in this brewing bull market.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-how-many-dogecoin-investors-are-in-profit-right-now-tbt71602.html">https://thebittimes.com/here-s-how-many-dogecoin-investors-are-in-profit-right-now-tbt71602.html</a></p>

Here’s how many Dogecoin investors are in profit right now

Table of Contents

TheBitTimes

Other articles published on Nov 25, 2023

ECB President’s Son Loses 60% Of His Crypto Investments: Report

Euler Network Faces Off with BNB and Ethereum: Raises $3 Million in a Day

Cloudflare Leads the Way in Bringing AI to the Edge

AI Integration Deepens in Cardano with Girolamo Chatbot Launch

QCP Capital Analysts Suggest a New Date for Bitcoin Spot ETF Approval

Airbnb Makes a Strategic Move with GamePlanner.AI Acquisition for $200 Million

Join our free newsletter for daily crypto updates!