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The value of the Dogecoin cryptocurrency (DOGE) fell by 58% in 2022. This coin was among the altcoins that suffered the least losses over the past 12 months.
XRP and Binance Coin (BNB) tokens were also included in this list, their value fell by 57.3% and 53%, respectively, according to Crypto Bubbles data.
Bitcoin (BTC) and ether (ETH) fell by 65.1% and 67.8%. Cardano (ADA) lost almost 81% in value.
The meme altcoin Shiba Inu (SHIB), which is considered the main competitor of Dogecoin, collapsed by more than 76% in 2022. The share of unprofitable SHIB addresses is now 82%. Only 14% of wallets with tokens are still profitable.
The position of the DOGE holders is much better. According to the IntoTheBlock platform, 54% of addresses are profitable, and 43% are unprofitable.
