Dogecoin

Gains

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The digital currency ecosystem today is showing gloom across the board, with the combined crypto market cap pegged at $1.16 trillion with a negligible growth rate over the past 24 hours. Dogecoin (DOGE), the crypto industry's premier meme coin, has been caught up in the web of the bearish outlook and has <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">dropped</a> by 0.96% in the past 24 hours and by more than 6% in the past week. 
Despite this grand bearish outlook, Dogecoin is <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">showcasing</a> an exciting twist, per data from the crypto analytics platform, IntoTheBlock (ITB). The data from ITB shows a decent percentage of Dogecoin holders are currently "In the Money," a tag used to depict profitability. 
It was confirmed that a total of 2.54 million addresses, or 53.05%, are profitable at this time. This metric is particularly intriguing seeing as DOGE has been on a relatively unsteady <a href="https://u.today/dogecoin-gains-ground-on-cardano-as-bitcoin-falls-to-sub-29k-levels" rel="noopener noreferrer nofollow">growth streak</a> for the better part of the past month. In this time span, the top meme coin has recorded a total growth of 12%. 
Profitable addresses are complemented by just 2.03 million wallets, or 42.41% that are out of the money, with just about 4% of all addresses on the network holding their coin at no loss. 
<h2 id="gains-for-future">Gains for future</h2> 
The utility of Dogecoin is a highly dynamic one that showcases and <a href="https://u.today/ancient-dogecoin-address-with-23-million-of-very-first-doge-activated-after-9-years" rel="noopener noreferrer nofollow">rewards loyalty</a> in the long run. The exciting fact about the DOGE profitability data is that users who have held the coin for a relatively long period of time are bound to be better off when compared to other top digital currencies in the industry. 
Dogecoin has a lot of fundamental backing designed to help power its growth in the near future. One of the top assumptions is the potential <a href="https://u.today/dogecoin-now-ahead-of-cardano-after-x-fueled-boost" rel="noopener noreferrer nofollow">role it will play at X</a>, formerly Twitter, with rumors that the social media platform will soon pivot into a payment platform.

Here's One Exciting Thing About Dogecoin's Growth

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