Over 5 Million DOGE Holders Profit as Dogecoin Targets $0.5 Milestone

• The majority of wallets in the Dogecoin (DOGE) ecosystem are in profit as the broader market tilts toward a bullish recovery.
• According to data insights from IntoTheBlock (ITB), as many as 5.21 million addresses are in profit.
• The optimal price for this profit level is between $0.143227 and $0.150461.

Amid a bullish market recovery, a majority of Dogecoin wallets are in profit. This article explores the factors contributing to this profitability and the future outlook for DOGE.

DOGE price and profitability

Per the data, the 5.21 million addresses account for 82.66% of the total addresses in the Dogecoin ecosystem. The data pegs the optimal price for this profit level in between $0.143227 and $0.150461. Addresses in loss on the network come in at approximately 850,400, or 13.5% of the total. Wallets in this category that refuse to sell their holdings can flip these negative gains if the price returns to $0.183729 to $... Read the full article for FREE at COINOTAG!