A leading blockchain analytics firm reveals that more than 60% of meme token Dogecoin ( DOGE ) holders are in profit while the majority of rival meme token Shiba Inu ( SHIB ) owners are in the red.
According to IntoTheBlock, 63% of DOGE holders are profitable in their investments while 35% are sitting on losses.

Meanwhile, 45% of Shiba Inu holders are in green territory , while 47% are underwater. The rest are at the break-even point.
Dogecoin is trading for $0.0936 at time of writing while Shiba Inu is worth $$0.000014.
Both dog-themed tokens are finding a surge of interest as of late. Dogecoin is showing bullish price action following reports that billionaire Elon Musk, a DOGE supporter, is making moves to introduce crypto payments to Twitter.
Meanwhile, Shiba Inu is planning an imminent launch of the Shibarium protocol, a layer-2 network built on top of Ethereum, similar to Polygon ( MATIC ).
The majority of the holders of the top two cryptos by market cap, Bitcoin ( BTC ) and Ethereum ( ETH ), are in the green in their investments, according to IntoTheBlock.
Among Bitcoin holders, 61% are in profit while 35% are underwater.
Bitcoin is worth $23,387 at time of writing.
The picture is similar for the smart contract platform with 62% of ETH holders seeing profits and 36% nursing losses.
Ethereum is trading for $1,656 at time of writing.
Looking at Polygon, 51% of the holders of the Ethereum layer-2 token are in the green while 47% are sitting on losses, per IntoTheBlock.
Polygon is worth $1.23 at time of writing, up about 63% from the start of the year.
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The post Over 60% of Dogecoin Holders in Profit While Majority of Shiba Inu Investors Sitting on Losses: IntoTheBlock appeared first on The Daily Hodl .