Dogecoin (DOGE) holders have remained mostly profitable amid the numerous calamities that have plagued the markets over the years. This is according to a recent disclosure from IntoTheBlock, a leading blockchain intelligence company.
According to a tweet today from IntoTheBlock, the percentage of Dogecoin holders in profit rarely drops below 40%, regardless of market conditions. The last time the rate of holders in loss breached the 60% mark was during the bear market of 2015. This is in direct contrast to what is observed with other altcoins, which persistently see over 90% in losses during downturns.
The intelligence platform shared a chart to corroborate these claims. Data from the chart reveals a massive increase in DOGE holders’ profit percentage from January 2021 to the midpoint of the year when the asset hit its ATH of $0.73.
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