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.
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