IntoTheBlock’s data analytics present investors in Shiba Inu SHIB/USD -4.63% with a dismal image. Just 25% of SHIB holders are now making money on their investments, while 71% are losing money.
What transpired: IntoTheBlock reports that Dogecoin
In comparison to SHIB, DOGE/USD -5.25% paints a little more hopeful outlook.
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Compared to SHIB’s 25%, 57% of DOGE investors are profitable at the present pricing. A noteworthy 39% of DOGE investors are losing money, which is a lower percentage than SHIB’s 71%. Furthermore, 4% of investors in DOGE are breaking even.
HODL Success: Dogecoin Beats Shiba Inu with 57% Profit, Data Shows,HODL Success: Dogecoin Beats Shiba Inu with 57% Profit, Data Shows
Why It Matters: Investor dedication is apparent in both groups. Investors in Shiba Inus and Dogecoin are equally devoted, with 72% and 73% of them holding their investments for more than a year, respectively.
Comparable data for new entrants (less than a month) and medium-term holders (1–12 months) suggests that investment behaviour patterns for both meme currencies are similar.
Conversely, Dogecoin owners seem to be in better financial standing, but Shiba Inu has an edge over them in other domains.
Over the last seven days, SHIB’s transactional value for major trades above $100,000 has exceeded DOGE’s, suggesting greater substantial large-scale investor interest or activity. This may indicate future growth or greater liquidity, both of which might be advantageous to SHIB.
Community Engagement and Market Presence: Telegram member numbers for Dogecoin and Shiba Inu have not changed much over the last week, with DOGE experiencing a 0.05% gain, indicating a time of stability within their respective communities.
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At the same time, the transaction demographics show that Dogecoin usage is more Western-centric, with a 55% to 45% split between West and East. This may be a reflection of the impact of Western media and prominent business support from people like Elon Musk on the success of DOGE.
Market Movements: According to the most recent data from Benzinga Pro, DOGE is presently trading at $0.075, while SHIB is at $0.000008629. These two stocks have dropped 2.24 and 2.03%, respectively, over the last day.
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