<\/p>\n
Dogecoin and Shiba Inu have had similar price action in the past few weeks, but their respective holders have had different things to discuss. As two of the most popular meme coins, Dogecoin and Shiba Inu seem pretty similar at first glance. Particularly, their price movements in the past few weeks have left many holders disappointed <\/span>amidst a wider decline<\/span><\/a> among top cryptocurrencies. However, on-chain data suggests SHIB holders might be feeling the heat the most, as the number of addresses in losses has surged recently to almost half of the total addresses.<\/span><\/p>\n Both DOGE and <\/span>SHIB <\/span><\/a>are currently experiencing negative price performance in the past 24 hours and seven days. However, the discrepancy between the two is the number of addresses that have slipped into losses during this price decline. According to IntoTheBlock\u2019s profitability metric, the current decline is still not as daunting for DOGE holders.\u00a0<\/span><\/p>\n IntoTheBlock\u2019s profitability metric follows wallets that are \u201cin the money,\u201d \u201cat the money,\u201d and \u201cout of the money.\u201d \u201cIn the money\u201d tracks those making a profit at the current price, while \u201cout the money\u201d tracks those in losses. Comparing the two assets using this metric shows that around 75% of <\/span>DOGE addresses<\/span><\/a> are still in profit, in contrast to 52% of <\/span>SHIB addresses<\/span><\/a>.\u00a0<\/span><\/p>\n Furthermore, 48% of SHIB addresses are currently in losses, far higher than 23% of DOGE addresses in losses. Lastly, 119,380 DOGE addresses, representing 2% of the total are currently \u201cat the money\u201d at an average price of $0.1245. Around 7,630 SHIB addresses, representing 1% of the total addresses, are \u201cat the money\u201d at an average price of $0.000017.<\/span><\/p>\n At the time of writing, DOGE is trading at $0.123, down by 1.2% and 1.98% in the past 24 hours and seven days, respectively. SHIB is trading at $0.00001713, down by 2.05% in 24 hours and 7.56% in the past seven days.\u00a0<\/span><\/p>\n Interestingly, DOGE whales have taken the price decline <\/span>as an opportunity<\/span><\/a> to increase their holdings. On-chain data regarding DOGE balance across various exchanges <\/span>suggests whales are accumulating<\/span><\/a>.<\/span><\/p>\n Dogecoin has proven itself to be the top meme coin for holders over the long run. This is due to its larger community, its status as the king of meme coins, and a higher number of whales and devout investors waiting to increase their holdings at any given opportunity. Consequently, DOGE has always managed to perform better during intense price declines.\u00a0<\/span><\/p>\n While Shiba Inu has closely followed behind <\/span>in terms of growth<\/span><\/a>, the meme coin is <\/span>still yet to gain<\/span><\/a> a following as huge as Dogecoin. However, the future <\/span>remains bright<\/span><\/a> for <\/span>both meme coins<\/span><\/a>.\u00a0<\/span><\/p>\n Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Dogecoin and Shiba Inu have had similar price action in the past few weeks, but their respective holders have had different things to discuss. As two of the most popular meme coins, Dogecoin and Shiba Inu seem pretty similar at first glance. Particularly, their price movements in the past few weeks have left many holders […]<\/p>\n","protected":false},"author":2,"featured_media":332735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-332698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=332698"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332698\/revisions"}],"predecessor-version":[{"id":332739,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/332698\/revisions\/332739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/332735"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=332698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=332698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=332698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Comparing Dogecoin And Shiba Inu\u2019s Profitability<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n
Decoding Recent Price Action<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n