The post Memecoins Shine Amid Market Downturn With High Profitability Rates appeared on BitcoinEthereumNews.com.

Despite the broader market downturn, many memecoins are proving resilient, with a significant portion of their holders still in profit. Leading the pack are $MOG and Pepe ($PEPE), which boast the highest percentages of profitable holders. Traditional favorites like $DOGE and $SHIB also demonstrate remarkable resilience, maintaining a considerable number of holders in profit despite the market challenges. Notable 85% Of $MOG Holders Are Still In Profit According to recent data, an impressive 85.5% of $MOG holders are still in profit, showcasing the token’s strong performance. Close behind, $PEPE and $FLOKI have 78.53% and 78.41% of their holders in profit, respectively. This chart illustrates the percentage of holders in profit across various memecoins👇 💚Despite a general market downturn, many memecoins still have a significant portion of their holders in profit. 💰 $MOG and Pepe $PEPE lead the space with the highest percentages of… pic.twitter.com/ElivXDXVeu — IntoTheBlock (@intotheblock) July 4, 2024 These figures highlight the enduring appeal of memecoins in the cryptocurrency market, even during periods of widespread downturn. Investors continue to show confidence in these assets, suggesting that memecoins remain a vital and profitable segment of the market. This resilience underscores the unique position memecoins hold, often driven by community engagement and viral appeal, which can sustain their value even when the broader market faces challenges. As a result, memecoins like $MOG, $PEPE, $DOGE, and $SHIB continue to attract and retain a profitable base of holders. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! Image Source: leddamarita/123RF // Image Effects by Colorcinch Source: https://nulltx.com/memecoins-shine-amid-market-downturn-with-high-profitability-rates/

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Filed under: News - @ July 6, 2024 7:22 am