In the fast-paced world of cryptocurrencies, meme coins like Dogecoin, Shiba Inu, and PEPE have captured the attention of both new and seasoned investors. While Bitcoin’s recent surge has renewed interest in these coins, their profitability levels remain varied. Investors in these meme coins are experiencing different levels of profit and loss, depending on which coin they’ve chosen. But which is the best investment? Let’s take a closer look at which meme coin has proven to be the most profitable—and which might be the biggest surprise (or disappointment) in the market.
Dogecoin: The Unstoppable Leader
Dogecoin, the original meme coin, continues to set the tone in the market. When Dogecoin’s price rises, it often triggers a broader rally across other meme coins. This makes it the top choice for investors looking to ride the meme coin wave.
According to blockchain analytics platform IntoTheBlock, Dogecoin is not only the leader in market capitalization but also in profitability. Currently, 72% of Dogecoin holders are in profit, far outpacing its competitors. Of its over 6 million holders, around 4.6 million wallets are in profit, with roughly 1.75 million accounts showing losses, and just 1% breaking even.
This dominance in profitability, combined with its ability to spark rallies across the meme coin sector, makes Dogecoin the most secure option for meme coin investors. But other players, like PEPE, are making their presence felt.
PEPE: The Surprising Contender
In July, PEPE had a major rally, pushing its market cap to over $3 billion. Although still far behind Shiba Inu, whose market cap is above $7.8 billion, PEPE has overtaken Shiba Inu in terms of profitability.
Data from IntoTheBlock shows that about 50% of PEPE holders are in profit, with approximately 147,090 addresses in the green. In contrast, 39.06% of holders (115,280 addresses) are currently seeing losses, and 11.11% are at breakeven. These numbers make PEPE a more attractive option for those looking for high-potential, high-risk investments in the meme coin space.
Shiba Inu: The Disappointment
Despite being the second-largest meme coin by market cap, Shiba Inu has taken a significant hit in profitability. Over the past year, its price has dropped considerably, leaving many investors with losses.
IntoTheBlock data reveals that only 45.42% of Shiba Inu holders are in profit, making it the worst performer among the top three meme coins. More than half of Shiba Inu investors (706,660 addresses) are currently seeing losses, while just 2.26% are breaking even. This trend suggests that, despite its popularity, Shiba Inu’s short-term profitability outlook is less favorable compared to its competitors.
Which Is the Best Bet On Meme Crypto Profitability?
Comparing these top three meme coins, Dogecoin remains the leader in both popularity and profitability. Its ability to influence the market and its massive investor base make it the safest choice for those looking for stability in this volatile space. Meanwhile, PEPE offers a promising opportunity for investors willing to take on more risk in search of higher returns. On the other hand, Shiba Inu, though still a strong player, has left many investors disappointed due to its recent performance.
In the end, the meme coin market is unpredictable, and investors should be prepared to take significant risks. However, if history is any guide, Dogecoin remains the most solid bet, while PEPE offers significant upside for those looking for emerging opportunities.
