Dogecoin

Elon

Million

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<p dir="ltr">The majority of wallets in the Dogecoin (DOGE) ecosystem are in profit as the broader market tilts toward a bullish recovery.&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">According</a> to data insights from IntoTheBlock (ITB), as many as 5.21 million addresses are in profit.</p>
<h2 id="doge-price-and-profitability">DOGE price and profitability</h2>
<p dir="ltr">Per the data, the 5.21 million addresses account for 82.66% of the total addresses in the&nbsp;<a href="https://u.today/major-dogecoin-wallet-shut-down-sparks-community-outrage" rel="noopener noreferrer nofollow">Dogecoin</a> ecosystem. The data pegs the optimal price for this profit level in between $0.143227 and $0.150461.</p>
<p dir="ltr">Addresses in loss on the network come in at approximately 850,400, or 13.5% of the total. Wallets in this category that refuse to sell their holdings can flip these negative gains if the price returns to $0.183729 to $0.671001. The $0.150461 to $0.167839 price range marks the breakeven point with approximately 241,340 addresses, or 3.83% of the total sitting in this region.</p> <img data-entity-type="file" data-entity-uuid="60e9eeca-f3c5-4c9a-b0b1-a738780b23ad" src="https://u.today/sites/default/files/inline-images/DOGE%20Profitability.jpg">Dogecoin Profitability Chart. Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=inAndOut" rel="noopener noreferrer nofollow">IntoTheBlock</a>
<p dir="ltr">The twist in the Dogecoin ecosystem, in which 82% of the addresses are in profit, has set a new milestone as the highest in weeks. With limited fundamentals driving its resurgence, Dogecoin has managed to anchor on general ecosystem trends, the influence of occasional whale buy-ups and the expectation of&nbsp;<a href="https://u.today/doge-officially-added-to-teslas-payment-options-but-theres-catch" rel="noopener noreferrer nofollow">integration</a> by Tesla and other Elon Musk-owned businesses.</p>
<h2 id="can-dogecoin-sustain-this-uptrend">Can Dogecoin sustain this uptrend?</h2>
<p dir="ltr">Dogecoin remains an outlier as its current price of $0.1598 and a 12.45% weekly gain has helped it retain eighth place with $23,035,810,127.</p>
<p dir="ltr">The community’s expectations are lofty, and it hinges on seeing DOGE reclaim at least the $0.5 mark in the short term. In the long term, the drive remains to reclaim the all-time high (ATH) at $0.7376.</p>
<p dir="ltr">Per the current outlook, Dogecoin may not achieve this feat unless Open Interest and&nbsp;<a href="https://u.today/dogecoin-doge-price-skyrockets-13-amid-epic-network-activity-surge" rel="noopener noreferrer nofollow">new user growth</a> shoots up remarkably on a major market reboot.</p>

5.21 Million Dogecoin (DOGE) Addresses Enter Profit as Price Eyes $0.5

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