Despite its current price plunge, Dogecoin (DOGE) has emerged as one of the most profitable digital currencies to hold, with a remarkable 83.12% of addresses in profit. According to data from crypto analytics platform IntoTheBlock (ITB), this figure translates to a staggering 5.24 million addresses in profit, with an average maximum profit price mark of $0.149375.

This impressive profitability milestone comes shortly after Dogecoin surpassed the five million address milestone. A closer examination of the data reveals that addresses at the break-even point or those with neither profit nor losses account for 223,680, or 3.55% of the total in the network. Meanwhile, addresses that are in loss are pegged at 841,370 or 13.34%, a relatively lower figure compared to many of its rivals in the market.

One of Dogecoin's unique resilience factors is its ability to flip unfavorable situations in the long term. Despite its price drop of 3.88% in 24 hours to $0.1595, the pioneering meme coin has shown remarkable bullish trends in the past week, registering a 5% surge. To cross the breakeven price of $0.160814, Dogecoin would need to soar by about 10%, a feat that seems achievable given its recent performance.

As the first and largest meme coin by market capitalization, Dogecoin is maintaining its legacy, even as the real dog that inspired its creation, Kabosu, has passed on. While this may not directly impact the valuation of DOGE, the close ties to Kabosu send an important message that the most important meme coin is Dogecoin, which could drive more capital into the ecosystem and power a major address profitability boost over the long term.

Dogecoin's remarkable profitability is a testament to its enduring appeal and resilience in the face of market fluctuations. With its large and dedicated community, the meme coin is likely to continue making waves in the crypto space, even as it navigates the challenges of the ever-evolving digital landscape. As the crypto market continues to evolve, one thing is clear – Dogecoin remains a force to be reckoned with, and its profitability is a shining example of its staying power.