💥💥💥 #Dogecoin Vs. #Shibalnu Vs. $PEPE : Comparing The Profitability Of The Top #Memecoins🤑🤑
Recent weeks have been challenging for holders of top meme coins, with significant declines across the board. Dogecoin, PEPE, and Shiba Inu have all experienced substantial price drops, with losses exceeding 20% for each asset in the past week. Many holders of these meme coins are now facing losses, as their investments have fallen below profitable levels.
Comparing Meme Coin Profitability
Among the top meme coins—Dogecoin, Shiba Inu, and PEPE—recent market trends have been harsh. Dogecoin and Shiba Inu, long-established in the meme coin market, have both seen considerable declines. PEPE, the newest addition to this group, also faced a tough market despite earlier strong rallies.
1. Dogecoin: This leading meme coin has dropped 24% in the past week and 41.8% over the past month.
2. Shiba Inu: Known as the “Dogecoin killer,” Shiba Inu has fallen 23.5% in the last seven days and 49% in the past 30 days.
3. PEPE: This meme-inspired coin has seen a decline of 34.5% over the last week and 45.6% over the past month.
According to IntoTheBlock’s “In/Out Of The Money” metric, which tracks wallet profitability, there is a notable difference in the current profitability levels of these coins:
1. Dogecoin: 54.05% of Dogecoin addresses (3.43 million) are still in profit, while 27.93% (1.77 million addresses) are now at a loss.
2. PEPE: 58% of PEPE holders (155,810 addresses) are in profit, and 32.36% (86,940 addresses) are experiencing losses.
3. Shiba Inu: Only 20.47% of SHIB holders (274,540 addresses) are currently in profit, with a majority of 52.46% (703,700 addresses) facing losses.
Buying Opportunities for Meme Coins?
As of now, Dogecoin is priced at $0.1077, Shiba Inu at $0.00001524, and PEPE at $0.000008996. Despite the risk of further declines, these recent significant drops could present buying opportunities for enthusiasts looking to capitalize on lower prices.
Source - newsbtc.com
