more than five million dogecoin The investor address started to make a profit as the DOGE price rose. As the cryptocurrency market has recently begun to recover, investors have increased their expectations for the DOGE price to move towards $0.50.
According to IntoTheBlock data, some 5.21 million addresses are currently profitable. These wallets represent 82.66% of the total addresses in the Dogecoin ecosystem. IntoTheBlock suggests that the optimal price for this profit level is between $0.143227 and $0.150461.
Despite more than 800,000 wallets currently out of profit, current price analysis reveals that these addresses could return to profit if DOGE returns to the price range of $0.183729 to $0.671001. Currently unable to make a profit, wallets are at a loss because they refuse to sell their assets. However, this range will allow wallets to break even at the minimum.
After an April that ended with a decline, Dogecoin increased by 11% in the last seven days and recovered from its last decline. The price is currently trading at $0.156. While its market cap sits at $23,035,810,127, this value has dropped slightly in the 24 hours but still keeps DOGE in eighth place for highest crypto market caps.
The biggest question surrounding Dogecoin is not whether it will recover, because it is currently doing so. Instead, investors are wondering how long DOGE can sustain this current momentum. The expectations of the Dogecoin community are as high as ever, and it is optimistic to see DOGE reclaiming the $0.5 level in the short term.
