As of 2022, it was seen that there were sharp decreases in the crypto money sector. The 78% drop in the leading cryptocurrency Bitcoin (BTC) from its peak caused many crypto investors to lose massively. Although many altcoins are 95% away from the ATH level due to Bitcoin’s declines, some digital assets experienced massive spikes in 2021, providing some protection for their investors from the 2022 crash.
Dogecoin (DOGE), the leading meme coin of the crypto money industry, continues to survive with the support of Elon Musk, the richest businessman in the world. DOGE, which started a serious upward trend after Elon Musk’s purchase of Twitter in the past weeks, is currently in decline.
According to data from a successful data provider IntoTheBlock, only 43% of current Dogecoin (DOGE) investors are expecting a loss. The 3% investor segment has neither loss nor profit. The fact that the majority of Dogecoin investors, 54%, is in profit despite the 2022 collapse, attracting the attention of investors.
DOGE, which experienced big explosions in 2021 with the shilling of Elon Musk, has ensured that its investors are less affected by the 2022 collapse than other altcoins. It is a matter of curiosity whether Dogecoin can rise again in the coming period.