Dogecoin vs Shiba Inu: Which One Brought More Profits to Investors?

A new report has been released by blockchain analysis company IntoTheBlock regarding Dogecoin (DOGE) and Shiba Inu (SHIB). The report provides insights into which coin brought more profits to investors.

Dogecoin vs Shiba Inu: Which One Brought More Profits to Investors? Blockchain and crypto analysis company IntoTheBlock has published a new report on the profitability of Dogecoin (DOGE) and Shiba Inu (SHIB) owners. According to the report, most investors in the meme coin DOGE are profitable, specifically 63% of them. Meanwhile, 35% are in the red.

On the other hand, only 45% of Shiba Inu investors are in the green. 47% of SHIB owners are in losses. Hence, most DOGE holders are profitable while a majority of SHIB investors are in losses.

Dogecoin is trading at $0.0936 while Shiba Inu is trading at $0.000014.

Rising Interest in DOGE and SHIB: Both dog-themed tokens have been attracting increasing attention lately. Dogecoin is seeing bull price movements, especially following news related to billionaire Elon Musk, who is known as a DOGE supporter. According to these news, the famous entrepreneur is now officially taking steps to bring crypto payments to Twitter.

Details: The Reason Behind the Dogecoin (DOGE) Rally is Elon Musk's Connection

On the other hand, Shiba Inu is planning to launch the Shibarium protocol soon. Shibarium is a layer 2 network built on Ethereum, similar to Polygon (MATIC).

What's the situation with Bitcoin and Ethereum? On the other hand, the majority of owners of the world's two largest coins by market value, Bitcoin (BTC) and Ethereum (ETH), are in a profitable position.

According to IntoTheBlock's data, 61% of Bitcoin owners are profitable and 35% are in the red.

Investors in ETH, the leading smart contract platform, are 62% in profit. The proportion of those in losses is 36%.