A Majority of Dogecoin Investors Experience Profit, While 67% of Shiba Inu Investors Encounter Losses

According to blockchain analytics firm IntoTheBlock, Dogecoin investors are making profits while Shiba Inu token holders are in the loss. Around 56% of Dogecoin investors are in profits, 34% are suffering losses, and 10% are breaking even, while only 29% of Shiba Inu token holders are at a profit, and 67% are losing. At present, Dogecoin is trading at $0.0741, experiencing a 12% increase over the previous week, while Shiba Inu token has increased only 5% trading at $0.00001079. Besides, Own The Doge DAO that provides support to Dogecoin has planned a pilgrimage to Japan to meet the dog behind the Doge meme. Meanwhile, the Shiba Inu developer, Shytoshi Kusama, has announced the beta version of Shibarium, a highly anticipated layer-2 scaling solution similar to Polygon. Shibarium is expected to facilitate developers in developing scalable applications cost-effectively and quickly. Following the successful beta testing, Bone ShibaSwap will serve as the governance token for the new ecosystem, and the digital asset will be utilized to pay for gas fees.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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