Recent Data reveals that about 70% of all Dogecoin (DOGE) holders are in profit. Notwithstanding the cryptocurrency’s price declining from an all-time high above $0.70 to around $0.247.
Furthermore, result reveals that 68% of Dogecoin holders are seeing profits. More so, only 26% are losing money currently. Then, Just 6% of the cryptocurrency’s holders are breaking even.
Additionally, The price of DOGE hit a new all-time high above $0.70 sometime this year. Notably, the search interest for the cryptocurrency rises before the massive 10,000% $DOGE rally.
Subsequently, immediately after the pump kick off, Tesla CEO Elon Musk and other celebrities starts tweeting about it.
Thereby, giving more push to the rally.
Furthermore, Glauber Contessoto, a popular Dogecoin investor, pours his $250,000 life savings in DOGE in early February. Which of course, makes him become a millionaire. Meanwhile, he also doubles his investment in DOGE with additional $25,000.
More so, Contessoto says he still believes his investment will have good returns soon. Also, he plans to add more DOGE to his holdings during dips. Additionally, He plans on holding onto the investment for maybe one year.
Lastly, he goes on to exlains that people get
“caught up in the short-term and don’t have…”
“the patience to see the investment all the way through.”
Then, He adds that volatility comes “with the territory,” while investors who can’t “stomach the fluctuations” are “maybe not cut out for crypto.”
Conclusively, U.S leading movie theater chain AMC currently accepts DOGE payments for digital gift cards. Currently, over 1,700 businesses now accept DOGE as a payment option.
Related Posts – Chainalysis Adds Bitcoin To Its Balance Sheet, As NYDIG Offers Help
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.