Dogecoin

Coq Inu

Dogelon Mars

Shiba Inu

TL;DR
<ul>
 <li>DOGE and PEPE are among the meme coins whose holders are predominantly in the green.</li>
 <li>SHIB is in the opposite corner with over 50% of its investors sitting on some paper losses.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-08-memecoins_cb-12-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/MemeCoins_CB-12.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="doge-leads-the-pack">DOGE Leads the Pack</h2>
The meme coin sector witnessed a huge resurgence earlier this year, with its market capitalization surpassing $60 billion. Despite retracing to the current $40 billion, the niche is still full of tokens that have brought numerous traders some profits (at least on paper).
IntoTheBlock data <a class="editor-rtfLink" href="https://app.intotheblock.com/category/meme?end_offset=110" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">shows</a> that Dogecoin (DOGE) – the biggest meme coin – ranks first in that ranking. Over 72% of its holders are currently in the green, while 25% are underwater. DOGE is among the cryptocurrencies that are predominantly held for the long term. The latest figures show that 67% have hopped on the bandwagon over a year ago, with only 2% doing so in the past month.
Next in line is another dog-themed asset – Floki Inu (FLOKI). Approximately 70% of its investors are sitting on paper profits, whereas 27% are recording some losses.&nbsp;
Third place belongs to Mog Coin (MOG), with 61% of the holders currently in the money. It has been among the best-performing cat-related meme coins, climbing the crypto ladder in the past few months. Currently, MOG’s market cap is over $500 million, making it the 125th biggest in the entire industry.
Pepe (PEPE) is fourth, with around 56% of the holders witnessing an increase in their initial investments. The frog-themed token has been one of the sensations of this bull cycle, <a class="editor-rtfLink" href="https://cryptopotato.com/pepes-latest-all-time-high-makes-it-bigger-than-litecoin-polygon-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">hitting</a> a new all-time high price in late May. Since then, though, PEPE has retraced by roughly 50%.
<h2 id="span-data-preserver-spaces-true-what-about-shib-span">What About SHIB?</h2>
The second-largest meme coin experienced a significant price increase in March this year, <a class="editor-rtfLink" href="https://cryptopotato.com/shiba-inu-shib-price-explodes-130-in-a-week-heres-how-many-holders-are-currently-in-profit/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">making</a> over 63% of its holders profitable. However, the subsequent decline in the following months has changed the situation. Currently, 46% of the SHIB investors are in the green, while more than 50% are underwater.
Other meme coins whose holders are predominantly in the red include Bone (BONE), Coq Inu (COQ), Dogelon Mars (ELON), and MAGA (TRUMP). The Donald Trump-themed token is down over 80% from its peak registered in June, with nearly 87% of its investors sitting on some paper losses.
The post <a href="https://cryptopotato.com/dogecoin-doge-is-currently-the-most-profitable-meme-coin-what-about-shiba-inu-shib/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) is Currently the Most-Profitable Meme Coin: What About Shiba Inu (SHIB)?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Dogecoin (DOGE) is Currently the Most-Profitable Meme Coin: What About Shiba Inu (SHIB)?

Table of Contents

CryptoPotato_News

Other articles published on Aug 14, 2024

Hamster Kombat Unveils Key-Linked Airdrop in New Update

XRP Ledger Sets New Record with 90 Million Ledgers Closed: Key Achievement Highlights XRPL’s Grow...

Core Scientific to Issue $350M in Convertible Notes

Synthetix Team Launches New Blockchain Network

Crypto.com becomes the official UEFA Champions League partner

Binance settles with Brazilian regulators for $1.76 million

Join our free newsletter for daily crypto updates!