Introduction
As Bitcoin regains momentum, meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE have witnessed price recoveries. However, their profitability levels vary significantly, influencing investor returns. This analysis delves into the ROI metrics of these top meme coins, highlighting which asset delivers the strongest performance.
Profitability Breakdown by Coin
1. Dogecoin (DOGE): Market Leader in Profitability
- Profitability Rate: 72% of holders are "In The Money."
- Losses: 27% of addresses show losses; 1% at breakeven.
- Holders: Over 4.6 million profitable wallets out of 6 million total.
- Why It Leads: Dogecoin’s established reputation and liquidity make it a preferred choice for meme coin investors.
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2. PEPE: Strong Contender Despite Smaller Market Cap
- Profitability Rate: 50% of holders in profit.
- Losses: 39% seeing losses; 11% at breakeven.
- Holders: ~147,090 profitable addresses out of 300,000 total.
- Key Insight: PEPE’s rapid July 2023 rally boosted its position, outperforming SHIB in profitability.
3. Shiba Inu (SHIB): Lagging Behind Peers
- Profitability Rate: 45.42% profitable addresses.
- Losses: 52.32% underwater; 2.26% at breakeven.
- Holders: 613,400 profitable wallets out of 1.35 million total.
- Challenges: SHIB’s prolonged price slump has eroded investor gains.
Key Takeaways
- Dogecoin remains the most profitable meme coin, with 72% of investors in the green.
- PEPE surpasses SHIB in profitability despite SHIB’s larger market cap.
- Shiba Inu struggles with over half of its holders at a loss.
FAQs
Q1: Which meme coin has the highest profitability?
A: Dogecoin leads with 72% of holders in profit.
Q2: How does PEPE compare to Shiba Inu?
A: PEPE’s 50% profitability rate outperforms SHIB’s 45.42%.
Q3: Why is Shiba Inu underperforming?
A: Persistent price declines have left 52% of SHIB holders at a loss.
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Conclusion
While all three coins show potential, Dogecoin offers the highest profitability, followed by PEPE. Shiba Inu investors may need patience for a rebound. Diversification and monitoring on-chain data (e.g., IntoTheBlock) are critical for informed decisions.
Data sourced from IntoTheBlock and market analyses as of July 2023.