A Newly Listed Rival of Dogecoin and Shiba Inu on Binance.US Witnesses 70% of Its Holders in Losses

Data from crypto analytics platform IntoTheBlock reveals that only 19% of Floki Inu (FLOKI) holders have a profitable position at the current price, with 70% losing money. Floki Inu, a challenger to Dogecoin (DOGE) and Shiba Inu (SHIB), is currently trading for $0.000036, down by 2.20% in the last 24 hours. The majority of SHIB investors are also sitting on losses, with 68% of those who bought the token out of money, while only 3% and 28% are breaking even and making a profit, respectively. Dogecoin holders perform the best, with 54% seeing a gain from their investment, and only 4% and 43% breaking even and losing money, respectively. The current price for DOGE is $0.079 at the time of writing. The Floki Inu team believes the asset’s recent listing on Binance.US legitimizes the memecoin as an asset. However, investors are advised to do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that The Daily Hodl participates in affiliate marketing.

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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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