Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular meme tokens in the crypto space. While Dogecoin has been around for a few years, SHIB is relatively new to the scene. But how have holders of these two assets fared since their launch?
A leading blockchain analytics firm, IntoTheBlock, recently released data that shows DOGE holders are faring much better than those holding onto SHIB. According to its report, 56% of Dogecoin investors are currently in profit while 34% have incurred losses and 10% break even on their investments. On the other hand only 29% of Shiba Inu owners can claim to be profitable with 67% underwater on their holdings at this time.
At press time DOGE is trading for $0.075 which marks a 24 percent decrease from its 2023 high when it was worth $0 099 whereas SHIB’s price has dropped more than 31 percent since its peak value this year at $0 000016 with current market rate being just above one hundredthousandth part ($ 0 000011).
The team behind Shibarium recently pushed out an update that brings layer-2 scaling solution into play as they look towards making transactions faster and cheaper by offloading some tasks away from Ethereum mainchain onto sidechains or second layers networks like Polygon (MATIC). The governance token Bone ShibaSwap will also come into effect once beta testing phase wraps up allowing users pay gas fees using digital asset BONE instead ETH or MATIC tokens which could potentially reduce transaction costs further down line creating more opportunities within ecosystem itself as well as bringing attention back towards project itself after recent price dip across board affecting both coins alike despite differences between them overall .
Most Dogecoin (DOGE) Holders in Profit As Over 65% of Shiba Inu (SHIB) Owners Languish Underwater: IntoTheBlock
