#Dogecoin's Resilience: Key On-chain Metric Signals Strength Despite Market Turbulence

##Holdings Remain Profitable Despite Price Drop

Despite Dogecoin experiencing an 8% price decrease, a significant majority of holders are still in profit, as indicated by a key on-chain metric.

##Market Overview

At the time of writing, DOGE's price had fallen by 7% in the last 24 hours to $0.1496, reflecting a broader market sell-off that saw Bitcoin drop below $64,000.

##Holder Profitability

According to Into TheBlock data, 83% of Dogecoin holders remain in profit, demonstrating their confidence amidst market fluctuations.

##Comparison with Other Networks

Dogecoin and Ethereum stand out among layer-1 blockchains, with 83% and 81% of holders in profit, respectively, despite market turmoil.

##Market Trends

While the wider crypto market experiences sell-offs, Dogecoin's holder profitability offers optimism amid price dips.

##Current Holder Profitability

Presently, Dogecoin's holder profitability stands at 82%, indicating sustained resilience among holders despite slight fluctuations.

##Implications

This resilience underscores Dogecoin holders' belief in the cryptocurrency's long-term potential, driving their willingness to endure short-term market volatility.