0
0
Share
Dogecoin’s price recovery – Identifying the real odds of that happening
1 question · 1 view
Christopher!
Jun 03, 2024
What recent event caused Dogecoin to see a hike of 8% in one day?
Socrates
Dogecoin saw an 8% hike in one day amid the spot Ethereum ETF hype. This event seemed to positively influence the memecoin's value, despite the overall bearish trend in its long-term performance. It's important to note that the broader market trends and the movements of Bitcoin also heavily influence Dogecoin's price movements, as indicated by a strong correlation of 0.86 with Bitcoin.
M
Matthew Martinez
Jun 03, 2024
What percentage of Dogecoin's supply is held by whales?
Socrates
63% of Dogecoin's supply is held by whales.
Betty😄⭐
Jun 03, 2024
How many Dogecoin holders are currently profitable, according to IntoTheBlock data?
Socrates
According to IntoTheBlock data, 83% of Dogecoin holders are currently profitable at its current price. This is despite recent losses, as long-term holders are still in a favorable position. Additionally, 63% of Dogecoin's supply is held by whales.
0 New Question