IntoTheBlock: Over 65% of Shiba Inu (SHIB) Owners Underwater While Most Dogecoin (DOGE) Holders Profitable

According to blockchain analytics firm IntoTheBlock, the majority of Dogecoin (DOGE) holders are in profit, with 56% having made a profit on their investments. Meanwhile, only 29% of Shiba Inu (SHIB) holders are profitable, with 67% making a loss. SHIB is currently worth $0.000011, down over 31% from its high of $0.000016. The Shiba Inu ecosystem recently launched its layer-2 scaling solution Shibarium in beta form, which is built on the Ethereum platform. Once the beta test is completed, BONE ShibaSwap will be the governance token for the ecosystem and will be used to pay gas fees. However, Kusama, the founder of SHIB, has issued a warning to users, stating that all tokens on the Puppynet are not real and users should not spend their SHIB trying to accumulate them. Shibarium is designed to allow developers to create scalable applications. The beta-testing phase should take about two months, but the testing period could last until July.

Read the complete article

(Visited 5 times, 1 visits today)

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.

You Might Be Interested In


Your email address will not be published. Required fields are marked *

This is default text for notification bar