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Insights into Dogecoin, Shiba Inu, & Pepe Investor Profits
In a recent analysis by Santiment, a renowned on-chain analytics firm, we delve into the profitability metrics of the three leading memecoins: Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). The focus is on several key indicators, one of which is the Market Value to Realized Value (MVRV) Ratio Intraday. This metric provides insights into the current profit or loss percentages held by investors.
Understanding the MVRV Ratio Intraday
The MVRV Ratio Intraday is a crucial indicator that helps determine whether the market is currently profitable. A value above 0% signifies overall market profit, while a negative value suggests net losses for holders. For this analysis, we examine the MVRV Ratio Intraday for two specific investor segments: 30-day and 365-day investors.
Short-term vs. Long-term Investor Insights
The MVRV Ratio Intraday for 30-day investors focuses on the profitability of addresses that acquired their coins within the last month. Conversely, the 365-day version assesses the profit or loss status of those who have held their coins for the past year. Let’s explore the trends for Dogecoin first:
Dogecoin (DOGE) Investor Analysis
Over the past year, both the 30-day and 365-day MVRV Ratios for Dogecoin have been notably low. Currently, the 30-day MVRV Ratio stands at a modest 1.7%, indicating that short-term investors are barely in profit. Interestingly, long-term DOGE holders are facing losses, with their holdings being approximately 21% underwater. Santiment suggests that a price rebound may be on the horizon to mitigate these long-term deficits.
Shiba Inu (SHIB) Investor Analysis
Shiba Inu’s metrics paint a grimmer picture. Both 30-day and 365-day investors are in the red, with short-term holders experiencing a minor 1% loss and long-term holders down by over 31% from their average cost basis. This indicates that SHIB has been underperforming compared to its memecoin counterparts.
Pepe (PEPE) Investor Insights
Interestingly, Pepe presents a contrasting scenario. While 30-day investors are slightly down by about 0.8%, the 365-day holders are enjoying a significant profit of nearly 24%. This suggests that patient long-term investors in Pepe have been rewarded handsomely, although Santiment advises that some profits may need to evaporate before a clear buy signal emerges.
Current Dogecoin Price Analysis
As of the latest update, Dogecoin is trading around $0.988, reflecting a nearly 4% drop in the past 24 hours. Despite this recent dip, the coin has shown upward momentum over the last few days.
In conclusion, the profitability of memecoins like Dogecoin, Shiba Inu, and Pepe varies significantly across different investor segments. While Dogecoin and Shiba Inu have been facing challenges, Pepe’s long-term holders are currently reaping the benefits. This analysis underscores the importance of understanding market metrics for making informed investment decisions.
