The post How Do The Top Memecoins Compare In Investor Profits? appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Here’s what on-chain data reveals regarding the profitability of the different segments of the Dogecoin, Shiba Inu, and Pepe investors. Dogecoin, Shiba Inu, & Pepe Compared In Terms Of Investor Profits In a new insight post, the on-chain analytics firm Santiment has discussed how the three biggest memecoins in the sector, DOGE, SHIB, and PEPE, have been doing in terms of different indicators. Among these, one of the metrics that the analytics firm has talked about is the Market Value to Realized Value (MVRV) Ratio Intraday, which tells us about the percentage of profit or loss the investors hold right now. Related Reading When the value of this metric is greater than 0%, it means the overall market is in a state of profit. On the other hand, the indicator being under this cutoff suggests the holders are carrying a net loss. In the context of the current topic, the MVRV Ratio Intraday of the entire market isn’t of interest but rather that of two specific segments: the 30-day and the 365-day investors. The MVRV Ratio Intraday for the 30-day investors would naturally only keep track of the profitability of the addresses who bought their coins within the past month. Similarly, the 365-day version of the metric would tell us about the profit/loss status of the buyers from the past year. Now, here is first the trend in these two indicators for the original memecoin, Dogecoin, over the past year: Looks like both of the metrics have been low recently | Source: Santiment on X As displayed in the above graph, the Dogecoin MVRV Intraday for the 30-day investors currently has a value of just 1.7%, which means this cohort is only slightly in the green. Usually, the long-term holders enjoy higher profits…

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Filed under: News - @ September 12, 2024 4:05 am