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Bitcoin dominates with 86% of Profit holders, Ethereum and Meme Coins follow closely behind
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Bitcoin leads with 86% of holders in profit, while Ethereum and meme coins like Dogecoin are close behind
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In the ever-changing world of cryptocurrencies, profitability remains a critical measure of success for both individual investors and the market as a whole. Second recent data from IntoTheBlock, Bitcoin (BTC) continues to dominate the market, with an impressive 86% of its holders currently in profit. This positions BTC as a leading asset, maintaining a significant advantage over other coins in terms of profitability.
Ethereum (ETH), the second coin by market capitalization, also shows a good performance, with 83.19% of its holders making a profit. Ethereum’s smart contract capabilities and its key role in the DeFi (decentralized finance) ecosystem have contributed significantly to its success. Furthermore, the potential introduction of a Spot ETF on Ethereum could catalyze further price appreciation.
Tron and meme coins gain ground
Tron (TRX) follows closely with 82.07% of its holders in profit, demonstrating the project’s growing influence in the blockchain space. Tron’s focus on decentralized applications (dApps) and its high transaction throughput have made it a popular choice among developers and investors alike.
Interestingly, meme coins are also having a significant impact on profitability rankings. Pepe (PEPE) leads the pack of meme coins with 80.57% of its holders in profit, followed by Floki (FLOKI) with 76.85%. Dogecoin (DOGE), the original meme coin, boasts a profitability rate of 74.99%. These figures indicate that meme coins, often considered speculative investments, have generated substantial returns for their holders.
Emerging projects and their profitability
The data also highlights the performance of emerging projects such as Ondo (ONDO) and JasmyCoin (JASMY), with 75.61% and 72.18% of their holders in profit respectively. Ondo, focusing on DeFi and structured products, and JasmyCoin, targeting data democratization and IoT (Internet of Things), are gaining traction and offering notable returns for their investors.
Maker (MKR) and Bitcoin Cash (BCH) round out the most profitable assets, with 75.45% and 72.54% of their holders in profit respectively. Maker, the governance token for MakerDAO and Dai stable currency system, has been a cornerstone of the DeFi ecosystem. Bitcoin Cash, a hard fork of Bitcoin, continues to attract a dedicated following thanks to its focus on peer-to-peer electronic cash transactions.
About the author
Mushumir’s ass
With over three years of immersive experience in the cryptocurrency industry, Mushumir is an expert cryptocurrency writer dedicated to unraveling the intricacies of blockchain technology and decentralized finance. From analyzing the latest blockchain innovations to demystifying trading strategies, he brings a unique blend of technical intuition and communication style to the crypto space. Having written countless articles, analyzes and market reports, Mushumir has developed a distinctive voice that resonates with both seasoned investors and newcomers to the world of cryptocurrencies.