Believe it or not, about 68% of Dogecoin (DOGE) investors are enjoying profits, even though this asset slipped from an all-time high (ATH), trading at a value of $ 0.25 at the time of writing the article.
While 26% suffered losses and only 6% received back the capital invested.
In early 2021, DOGE made an incredible jump of up to 10,000% and posted ATH, $ 0.74 on May 8th.
The surge factor began with a tweet uploaded by the owner of the Twitter account, WSB Chairman that read: "Has Doge ever been to a dollar?".
Followed by Tesla CEO, Elon Musk and several celebrities who also uploaded tweets related to the cryptocurrency, to invite a higher price spike.
Musk’s appearance on the Saturday Night Live show on May 7 managed to push the price of DOGE record ATH, before returning to decline to current price levels.
However, the details reveal investors are covering the average profit as they are doubling their investments.
For example, well -known Dogecoin investor, Glauber Contessoto who started DOGE investment with a capital of $ 250,000 (RM1,040,500) in early February. Then in July, this figure added another investment capital of $ 25,000 (RM104,050).
Contessoto once shared his views on the ‘greed’ of crypto investors which is described as ‘impatient’ and followed by short -term investments,
The journey of Dogecoin (DOGE) acceptance in the crypto community is not as easy as expected. Just like the early birth of Bitcoin (BTC), the average is skeptical of the capabilities and advances highlighted.
Now DOGE is gaining more and more attention and is the choice of most crypto investors. In fact, the world's largest cinema network AMC Entertainment has officially streamlined payments in Dogecoin for digital gift cards that can then be used for company websites, mobile apps, and in theaters.
Cryptwerk revealed more than 1,700 businesses have already applied for payments in DOGE worldwide.
