Memecoins
Memecoins shine amid market downturn with high profitability rates
Despite the general market slowdown, many coins are showing resilience, with a significant proportion of their holders still making profits.
Leading the pack are $MOG and Grandpa ($PEPE), which boast the highest percentages of profitable holders.
Traditional favorites like $DOGE And $SHIB They also demonstrate remarkable resilience, maintaining a significant number of beneficial holders despite market challenges.
Notably 85% of $MOG holders are still in profit
According to recent data, 85.5% of $MOG holders are still in profit, which is a testament to the token’s strong performance. Right behind them, $PEPE and $FLOKI have 78.53% and 78.41% of their holders in profit, respectively.
This chart illustrates the percentage of holders making profits on various memecoins👇
💚Despite a general market slowdown, many memecoins still have a significant portion of their holders in profit.
💰 $MOG and Pepe $PEPE leads the space with the highest percentages of… pic.twitter.com/ElivXDXVeu
— IntoTheBlock (@intotheblock) July 4, 2024
These numbers underscore the enduring appeal of memecoins in the cryptocurrency market, even during a general downturn. Investors continue to have faith in these assets, suggesting that memecoins remain a vital and profitable segment of the market.
This resilience underscores the unique position of memecoins, often driven by community engagement and viral appeal, which can maintain 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 purchasing any cryptocurrency or investing in any service.
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