Shocking Dogecoin Profit Stats: You Won’t Believe How It Compares to Bitcoin! 😲

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In the grand tapestry of the digital currency realm, it has come to light that a staggering 77.9% of all Dogecoin supply finds itself basking in the warm glow of profit. One might ponder, how does this whimsical pup measure up against the titans of the trade, such as Bitcoin and XRP? 🐶💰

Dogecoin’s Position Among the Cryptocurrency Elite

In a recent proclamation on the platform known as X, the astute analysts at Santiment have unveiled a comparison of the foremost coins in the cryptocurrency domain, revealing how Bitcoin and Dogecoin stand in relation to one another through the lens of the Percent of Total Supply in Profit indicator. Ah, the irony of digital coins, where fortunes are made and lost with the flick of a digital switch!

The “Percent of Total Supply in Profit” is a rather self-explanatory metric, indicating the proportion of a digital asset’s total supply that is currently held at an unrealized gain. It’s as if the coins themselves are whispering sweet nothings to their holders, promising riches yet to be realized.

This indicator meticulously sifts through the on-chain history of each token, examining the last price at which it was exchanged. If the previous transaction price lags behind the current market value, then, lo and behold, that coin is deemed to be in profit! A delightful game of hide and seek, wouldn’t you agree?

Now, behold the chart that illustrates the current standing of six prominent coins: Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), XRP (XRP), Cardano (ADA), and Chainlink (LINK). A veritable feast for the eyes!

As the graph reveals, all these cryptocurrencies, save for the ever-somber XRP, have experienced a delightful uptick in the percentage of Total Supply in Profit over the past month. It seems the market has been generous, or perhaps just a tad mischievous!

Bitcoin, the undisputed monarch of this realm, boasts an impressive 98.4% of its supply basking in the green pastures of profit. It has been gallivanting through all-time high (ATH) territory, a feat not surprising given that 100% of the supply enters profit the moment a new ATH is established. Talk about a royal affair!

Meanwhile, XRP, despite its lackluster growth, still manages to hold the silver medal in this race, with over 90% of its supply enjoying a comfortable gain. A commendable performance, if one can overlook the lack of fireworks.

Chainlink and Dogecoin, those cheeky contenders, find themselves in third and fourth place, with 80.5% and 77.9% of their supplies in profit, respectively. Ethereum, the second-largest coin by market cap, appears to be lagging behind with a mere 71.5%. But fret not, dear reader; there’s always room for growth, or so they say!

It is a well-known fact that investors reveling in profit are more inclined to sell, leading to the potential for a mass selloff when a significant portion of the network is in the green. A classic case of “the more you have, the more you want to let go.”

However, let us not be hasty in declaring Bitcoin’s reign over; its profitability does not guarantee an imminent top. The rally may persist as long as demand remains robust enough to absorb any profit-taking. Yet, for the lower-tier coins like Ethereum, Cardano, and our beloved Dogecoin, there may still be ample room to run, should the stars align just right.

The Current State of DOGE

Alas, Dogecoin finds itself in a state of stagnation, its price meandering around the $0.22 mark, as if caught in a philosophical debate about the meaning of existence. 🐕💭

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2025-05-30 07:14