Dogecoin Supply In Loss Hits 50%: How Bitcoin, XRP Compare

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureOn-chain data shows Dogecoin has seen almost a majority of its supply dip into loss. Here’s how other top coins like Bitcoin and XRP compare.Dogecoin & Other Major Coins Have All Seen A Decline In ProfitabilityIn a new thread on X, the on-chain analytics firm Glassnode has shared an update on the Supply in Profit for different top coins in the cryptocurrency sector. The “Supply in Profit” here is an indicator that keeps track of the percentage of an asset’s circulating supply that’s sitting on a net unrealized profit right now. The indicator determines this by going through the transaction history of each coin in circulation to check for its last transfer price. If this previous selling value for any coin is less than the current spot price, the metric considers the token to be holding a gain.Related Reading: Bitcoin Miners Unfazed By Crash As Hashrate Rockets Up To New RecordIt adds up a...