As it just became known, Dogecoin (DOGE) is officially the most profitable meme cryptocurrency among those with a market cap of at least $1 billion. As such, as confirmed by data from IntoTheBlock, Dogecoin, created in 2013 by Jackson Palmer and Billy Markus, currently has the highest in-the-money/out-of-the-money ratio with 72.64% of profitable addresses.
This figure represents 4.65 million addresses that collectively hold 70.3 billion DOGE, equivalent to approximately $7.39 billion. This means that 48.3% of Dogecoin’s total market cap is currently in profit.
For comparison, DOGE’s closest competitor in this space is Floki Inu (FLOKI) with 70.49% of profitable addresses, which collectively hold up to $965.2 million in tokens.
Dogecoin (DOGE) Price Prediction
Interestingly, Dogecoin’s performance is not due to its 10+ year history, but to its price action in recent months. Since the beginning of the year, the price of DOGE has increased by 40%.
At its peak, it was even higher with a result of 208%, but several waves of corrections have significantly compressed the price dynamics. Over the past two days, the price of DOGE has managed to grow by another 4.66% and is now at $0.105.
If Dogecoin tries to reclaim the heights it has already reached this year, it has every chance of solidifying its position as the most profitable major meme coin on the market. But even if it doesn’t, it will still remain the king of the meme hill.
