HomePress CoverageThe majority of Dogecoin holders in profit, while 67% of Shiba Inu...

The majority of Dogecoin holders in profit, while 67% of Shiba Inu holders…

Leading blockchain analytics company IntoTheBlock reported this Dogecoins DOGE/USD Holders, meanwhile, are in profit Shiba Inu SHIB/USD Holders are underwater.

Fifty-six percent of Dogecoin holder profitable on their investment, 34% are at a loss and 10% are balanced.

In comparison, about 29% of Shiba Inu keepers are profitable and 67% are submerged.

At the time of writing, DOGE was trading at $0.0741, up 12% over the past week. At the same time, SHIB was trading at $0.00001079, just 5% higher than in the previous seven days.

In other news, a Decentralized Autonomous Organization (DAO) supporting DOGE has planned a pilgrimage to Japan to meet the dog that inspired the DOGE meme.

Also read: Dogecoin Jumps On Elon Musk’s Reported Twitter Payments Plan: Why DOGE Supporters Are Excited

In a Twitter post Last week, the Own The Doge DAO, known for its DOGE-themed non-fungible tokens, said it was planning a trip to Japan to meet the original Doge and its owner in May.

In the same week, SHIB developers Shytoshi Kusama announced a beta version of the highly anticipated Layer-2 Lime solution Shibarium. Shibarium is a ether ETH/USD-based layer 2 blockchain similar to polygon MATIC/USD. It was designed to enable developers to build fast, inexpensive, and highly scalable applications. After completion of the beta version Bone ShibaSwap BONE/USD will serve as the governance token for the new ecosystem, and the digital asset will be used to pay gas fees.

Continue reading: Elon Musk Says Dogecoin Should Be ‘More Currency-Like’, Replies Billy Markus on Crypto’s Future

Photo: Shutterstock

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