The cryptocurrency market is currently in a much elevated arena. Several assets in the industry have soared over the past two months, further putting a wide majority of the community at a profit. The latest growth was much needed for the market, particularly after the FTX debacle, which pushed the ecosystem to notable lows. But its latest resurgence has brought increased gains into the industry.
Also Read: Which County Owns The Most Bitcoin (BTC)?
Which Cryptocurrency Is The Most Profitable?
According to recent data from IntoTheBlock, several top cryptocurrencies have emerged as profitable options. Currently, Justin Sun’s Tron (TRX) tops the charts. A staggering 100% of its holders are making money at TRX’s present price. It should be noted that TRX hit an all-time high of $0.4407 earlier this week.
As seen in the image, Bitcoin (BTC) stood in the second spot with 96.53% of its holders in profit. The king coin recently surged to a high of $103,900.47. At press time, BTC was trading at $98,034.59. Despite this drop, the asset’s holders were seen pocketing gains.
Ethereum (ETH) holders stood third. About 91.57% of ETH holders were making money with the altcoin. The second-largest altcoin surged to a high of $3,928.40 but has failed to rise above $4,000.
Other altcoins like Toncoin (TON), Avalanche (AVAX), and Bitcoin Cash (BCH) were also bagging increased gains for their investors. More than 80% of the altcoins’ holders were in profit. Meme coins like Shiba Inu (SHIB) were also part of the list. 69.14% of holders of the second largest meme cryptocurrency were reaping profits.
Also Read: Copper’s USDC Integration Sends SUI to All-Time High—What’s Next?
Assets That Are Not Part of the List
Several assets apart from the ones mentioned in the list also recorded notable upticks. For instance, the OG meme cryptocurrency Dogecoin (DOGE) rose by 111% over the past month. But the percentage of DOGE holders in profit was much lesser than the above-seen assets.
In addition, Solana (SOL) also reached a new peak last month. According to CoinMarketCap, SOL reached an all-time high of $263.83 on November 23. Despite this rise, SOL investors did not make it to the top ten list.
Also Read: Cardano: New Prediction Claims ADA Hitting $1.50 Very Soon, Here’s How
Credit: Source link
