According to data released by a popular crypto analysis firm, Dogecoin investors have put a huge margin on other cryptocurrencies in profit and stress rankings.
Crypto analytics firm IntoTheBlock has found that the majority of those investing in the most popular meme token Dogecoin (DOGE) are making profits, while other major crypto-asset investors are facing serious losses. At the time of publishing the news, 57% of all DOGE holders are in profit and 37% in loss. And 6% are neutral. However, the majority of Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Polygon (MATIC) and Litecoin (LTC) investors are in losses.
DOGE Investors Are Least Stressed According to Survey
The most popular meme token is down over 87% from its all-time high. Also, volatility for DOGE has increased by over 200% in the last 30 days, according to IntoTheBlock. Meanwhile, a recent survey by crypto education site CoinKickOff revealed that Dogecoin investors are the least “stressed out” of all digital asset investors. According to the survey, DOGE holders ranked 28th in terms of stress rating. In the survey, investors of FTT, the native token of the recently bankrupt cryptocurrency exchange FTX, were recorded as the most stressed group of investors as of November 17. FTT investors were followed by Tether (USDT), Bitcoin, Cardano (ADA), XRP and Ethereum holders, respectively.