- Musk hinted at crypto to be used in Twitter payments.
- Shibarium is to be launched soon.
The professional rivalry between Dogecoin (DOGE) and Shiba Inu (SHIB) is healthy, where DOGE is sitting on top of the meme coin throne while SHIB is trying to dethrone it. To fuel the duel, a leading blockchain analytics firm disclosed that more than 60% of DOGE holders are in the green zone, while most SHIBs are in the red zone.
The analysis firm has revealed that 63% of DOGE holders are in the profitable zone, while 35% are in the zone of losses. At the same time, only 45% of SHIB holders are in green, and 47% are deep in the red. The remaining numbers are at a breakeven point.
The dog-themed arch rivals are surging with interest. DOGE is going bullish over its price action, as the Dogefather Elon Musk had hinted at the possibility of introducing crypto payment to Twitter. With the much-awaited launch of the layer 2 protocol Shibarium, the Dogecoin killer is also doing good.
The analysis further claims that the majority holders of the top two cryptocurrencies concerning market cap, meaning Bitcoin and Ethereum, are happily in the green zone, thanks to the market surge and overall recovery of market sentiments post the debacles of 2022. 61% of BTC holders are in green, while 35% are in red, rest break even. 62% of ETH holders are in green and 36% in red; the rest break even.
At the time of writing, DOGE was trading at $0.09571 with a jump of 2.12%; its value against Bitcoin also gained by 2.03% and was at 0.000004093 BTC. At the same time, its market cap gained 2.16% at $12.6 billion, while volume massively gained 59.08% and was at $1.06 billion in the last 24 hours. The meme coin is ranked at 9, sharing a market dominance of 1.17%.
The rate was 87.04%, down from its all-time high of $0.7376 DOGE on May 8, 2021. At the same time, it was up by 1111761.43% from its all-time low of $0.00008547 it hit on May 7, 2015. It took exactly 5 years to get DOGE from lowest to highest. The ROI for the dog-themed meme coin is 170111.13%.
At the time of writing, SHIB was trading at $0.000001511 with a jump of 7.42%; its value against Bitcoin also gained 7.46% and was at 0.000000000646BTC. At the same time market cap gained 7.59% and was at $8.2 billion, and its volume rose by 11.14% and was at $1.2 billion in the last 24 hours. The meme coin stands at rank 12, sharing a market dominance of 0.76%.
The rate was down by 83.03% from its all-time high of $0.00008845 SHIB on October 28, 2021. At the same time, it’s up by 18386164.93% from its all-time low of 0.000000000082 it hit on September 1, 2020. Meaning it went from lowest to highest in roughly a year. The ROI for DOGE killers is 930619.07%.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/02/05/60-doge-holders-are-in-green-majority-shib-owners-in-red/