Dogecoin Supply in Profit at 77.9%: How Does It Stack Up Against XRP and Bitcoin?

Recent on-chain data reveals that 77.9% of Dogecoin’s (DOGE) circulating supply is currently in profit, showcasing strong market sentiment for the meme coin. However, how does this compare to heavyweights like Bitcoin (BTC) and XRP? Let’s break it down! 🚀

🔸 Dogecoin (DOGE): With 77.9% of its supply in the green, DOGE holders are riding a wave of optimism. Priced at ~$0.22, Dogecoin has been consolidating recently, but its profitability suggests potential for growth if market conditions align. Could this be a breakout moment for the Shiba Inu-inspired coin? 🐶

🔸 Bitcoin (BTC): The king of crypto leads the pack with an impressive 98.4% of its supply in profit. Trading above $111,000 and hitting new all-time highs, BTC’s dominance reflects strong investor confidence and demand, fueled by ETF inflows and pro-crypto policies. 🚀

🔸 XRP: Close behind Bitcoin, XRP boasts over 90% of its supply in profit. Despite limited recent growth, its price (~$2.43) benefits from Ripple’s cross-border payment utility and optimism around regulatory clarity under a crypto-friendly administration. 💸

💡 What Does This Mean?

High profitability can signal strong bullish sentiment but also potential profit-taking. Bitcoin’s near-100% profitability shows its strength, while XRP and DOGE, with room to grow, could see upside if market momentum continues. DOGE’s speculative nature makes it a wildcard, while XRP’s utility and Bitcoin’s store-of-value status offer more stability.

📊 Which Coin Are You Bullish On?

Are you betting on DOGE’s meme-fueled rally, XRP’s enterprise use case, or Bitcoin’s unmatched dominance? Share your thoughts and trade smarter on Binance! 💬#Crypto #Dogecoin #Bitcoin #XRP #Binance #InvestSmart

Source: Santiment, TradingView