52% of Dogecoin Addresses Remain in Profit Despite Recent Price Drop

Dogecoin TradingView

A total of 52% of Dogecoin addresses are “in profit’’ on their investments at a current price of $0.06, according to data from IntoTheBlock. This comes despite the fact that Dogecoin remains down nearly 90% from its May 2021 peak of around $0.73. IntoTheBlock’s In/Out of the Money gives the percentage of addresses that are profiting (in the money), breaking even (at the money), or losing money (out of the money) on their positions at the current price. The In/Out of the Money indicators also look at unrealized profits and…

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