-AD-
-AD-
HomeNewsMajority of Dogecoin, Shiba Inu, and Pepe Holders Still in Profit Despite...

Majority of Dogecoin, Shiba Inu, and Pepe Holders Still in Profit Despite Crypto Market Turbulence, According to IntoTheBlock

- Advertisement -
  • The vast majority of Dogecoin, Shiba Inu, and Pepe coin investors continue to make money even during general market downturns.
  • Recent price increases and announcements for futures trading are indicative of growing investor confidence and market stability for meme currencies.

Despite recent market corrections, certain sectors, including meme-themed cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are exhibiting remarkable resilience, with the majority of investors remaining profitable.

Market Trends and Meme Coin Performance

In spite of a recent correction in which Bitcoin fell from a high of $72,750 to $61,079, analytics firm IntoTheBlock data indicates that investors in meme coins have remained largely profitable.

More specifically, the majority of Dogecoin holders (85%), Pepe holders (69%), and Shiba Inu holders (62%), continue to track their green investments.

This stands in stark contrast to other sectors of the cryptocurrency market where investors are experiencing losses, including those in Cardano (ADA), Polygon (MATIC), and Litecoin (LTC).

At the moment, Dogecoin is valued at $0.16, representing a 24-hour increase of 6.42%. In the same way, Shiba Inu and Pepe have both gained value, with SHIB increasing by 6.22% to $0.000022 and PEPE by 6.23% to $0.000005.

This recent increase is indicative of a more widespread fascination with meme coins, which persistently draw the attention of investors seeking opportunities that offer substantial returns at high risk.

Future Prospects and Developments

According to long-term projections, Dogecoin will likely accomplish notable things in the near future, and ETHNews previously reported that its value could increase to $3.035 by 2030.

Also, according to an earlier report by ETHNews, Coinbase International Exchange recently announced that it will start providing futures trading for Pepe coin on its International and Advanced platforms on April 18. To explore this development in more depth, you can watch the YouTube video below.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES