Statistics show that most owners Dogecoin (DOGE) are counting profits despite the meme-based cryptocurrency's recent price dump.
According to the IntoTheBlock portal, 79% of people who store cryptocurrency in their wallets Dogecoin , will get profit , if they sell the coins at the current price. 4% of them will break even, and 16% will suffer losses. The large number of investors who remain in the black is due to the fact that 66% of them bought the coins a year ago or even earlier.
October 29 cost Dogecoin rose to its highest since April 2024, thanks to a strong bullish trend that began on Saturday last week. However, after peaking at $0,18 on Coinbase, the DOGE rate collapsed by 18% during the correction in the digital asset market.
However, four key blockchain-related indicators are signaling that the bull run is about to resume. Dogecoin , which indicate that:
- The number of network users is increasing;
- Bulls are increasing their cryptocurrency holdings;
- The number of completed transactions worth over $100 is increasing.
The reversal in the market is also indicated by the chart data, indicating that the coin price has not broken through the upward trend line that started on October 10. However, before the DOGE price starts to rise again, it may fall to the bullish trend line, which will be around $0,143.
Probable exchange rate change Dogecoin
