#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.