Altcoins Still Profitable for Investors Despite Bitcoin’s Sharp Fall
Despite the recent declines in Bitcoin and the overall cryptocurrency market, a significant number of investors in Dogecoin (DOGE), Pepe Coin (PEPE), and MOG (MOG) are still making a profit.
Data from IntoTheBlock shows that a large percentage of holders of Dogecoin, Pepe Coin, and MOG are currently in profit. This is despite the general market downturn and the decrease in prices of these memecoins.
MOG leads the sector with 85.5% of investors still in profit, followed by PEPE with 78.53%, Floki Inu (FLOKI) with 78.41%, and Dogecoin with 75%.
Even popular dog-themed memecoin Shiba Inu (SHIB) ranks 6th on the list, with 51.83% of investors still making a profit. Meanwhile, the Donald Trump-themed memecoin Trump (MAGA) ranks 8th, with a profitable investor rate of 29.44%.
Despite the general market downturn, many memecoins are showing resilience, with a significant number of investors still profiting. The high percentages of profitable owners in MOG and PEPE indicate their popularity and success.
While some memecoin investors are still making a profit, it’s important to note that memecoin prices have fallen significantly. In the last 24 hours, Dogecoin increased by 6.7%, SHIB by 7.2%, PEPE decreased by 6.4%, and MOG increased by 2.7%.
Please note that this article does not provide investment advice. If you’re interested in investing in cryptocurrencies, you can register with Binance exchange with a 20% COMMISSION DISCOUNT.
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