2023 started on a good note for cryptoa, and meme coins have not been left out. But the impact of the price increase has been felt differently by holders of the two largest memes coins – Dogecoin and Shiba Inu.
Data from blockchain analytics firm IntoTheBlock shows the percentage of holders in profit for the two major meme coins differs. While 64% of Dogecoin holders are currently holding at a profit, only 45% of SHIB holders are still profitable.
Dogecoin (DOGE) Price Soars 35% in 30 Days
Dogecoun price performance has seen it rise by around 35% in the last 30 days, reaching a high as $0.099 for the first time since December 2022. Still, DOGE has retraced to $0.0952 as of press time.
The recent uptick in DOGE price is due to several factors, including general market performance and the possibility of Twitter supporting crypto payments.