Dogecoin profitability increases to 53%
According to IntoTheBlock data, the profitability of the largest meme cryptocurrency, Dogecoin (DOGE), has slightly increased to 53%, after dropping below 50% following price declines earlier in May.
Per IntoTheBlock’s holders’ composition by time held, Dogecoin “hodlers,” referring to addresses that have held Dogecoin for more than a year, is presently 62%. 33% of addresses have held the asset for a year, while 4% have held onto their assets for barely less than a month.