- Tron (TRX) tops the list with 100% of its holders making profits at its current price
- Bitcoin (BTC) stands second with 96.53% of its holders in profit, followed by Ethereum (ETH) with 91.57% of holders making money
- Other altcoins like Toncoin (TON), Avalanche (AVAX), Bitcoin Cash (BCH), and Shiba Inu (SHIB) also have over 80% of their holders reaping profits
Let’s delve into the fascinating world of cryptocurrency profits. Which digital assets are offering the most lucrative returns to their holders? You might be surprised to find out if major players such as Bitcoin, Ethereum, and Shiba Inu make the cut.
Breaking Down the Current Cryptocurrency Landscape:
The cryptocurrency market has recently been riding a wave of euphoria, with several assets experiencing significant surges over the past couple of months. This buoyant trend has been a welcome change, especially after the FTX debacle that pushed the crypto ecosystem to notable lows. However, the rebound has brought increased gains into the industry, propelling a majority of the community to profit.
The Most Profitable Cryptocurrencies:
The current data from IntoTheBlock illustrates a clear picture of which cryptocurrencies are leading the pack in terms of profitability. Surprisingly, Tron (TRX), spearheaded by Justin Sun, currently tops the charts. An astounding 100% of TRX holders are reaping profits at its current price, thanks to its recent all-time high of $0.4407. Following close behind is Bitcoin (BTC), with 96.53% of its holders in profit, despite a recent drop in price. Ethereum (ETH) completes the top three, with 91.57% of its holders enjoying financial gains.
source: coingecko
Profitable Altcoins and Meme Coins:
Apart from these top players, other altcoins such as Toncoin (TON), Avalanche (AVAX), and Bitcoin Cash (BCH) have also been lucrative for their investors, with over 80% of their holders in profit. The meme coin market isn’t left out either. Shiba Inu (SHIB) has been profitable for 69.14% of its holders.
Cryptocurrencies Missing from the Profit List:
Despite significant upticks in price, some cryptocurrencies failed to make it to the top of the profitability list. For instance, Dogecoin (DOGE), the original meme coin, experienced an 11.1% increase in the past month but had fewer profitable holders than the aforementioned assets. Solana (SOL), despite reaching a new peak last month, also didn’t make it to the top ten list of most profitable assets.
Conclusion :
In the ever-fluctuating world of cryptocurrency, profitability can shift rapidly. While some assets currently offer impressive profits to their holders, the landscape is bound to change. As an investor, it’s essential to conduct thorough research and possibly seek advice from financial advisors to make the most informed decisions.
