- Bitcoin leads with 86% of holders in profit, maintaining its dominant market position.
- Ethereum’s potential ETF introduction could boost its already strong performance and profitability.
Recently, the market intelligence platform IntotheBlock tweeted that the current situation provides some intriguing information on which cryptocurrencies are making their holders the most profit.
This chart highlights top cryptocurrency projects ranked by the percentage of holders in profit.š
š¢Bitcoin remains dominant, with over 86% of its holders in profit.
š”Ethereum is close behind, showing strong performance. The introduction of an #EthereumETF could be the pushā¦ pic.twitter.com/MOtJumk9uU— IntoTheBlock (@intotheblock) June 20, 2024
Bitcoinās Dominance
With more than 86% of its holders profiting, BTC still rules the market. This amazing figure emphasizes how trustworthy and top-notch Bitcoin is. Its unrivaled success keeps it the preferred asset for both novice and experienced investors.
Given its strong market presence and capacity to weather market volatility, Bitcoin has a high percentage of profitable holders.
Not far behind Bitcoin, Ethereum has shown excellent performance and a sizable portion of holders are profiting. Perhaps the launch of an Ethereum ETF (Exchange-Traded Fund) will be the impetus Ethereum needs to reach fresh market highs.
Investors are quite looking forward to this development because an ETF may draw in more institutional capital and improve market liquidity.
The Rise of Memecoins
Fascinatingly, memecoins are also highly visible on the list of profitable investments. Many times, beginning as pranks or social media phenomenon, these tokens have become rather popular and profitable.
Among the top tokens with large proportions of holders in profit, except BTC and ETH, are TRX, PEPE, FLOKI, ONDO, and MAKER. Memecoins, for all its lighthearted beginnings, have shown that their investors can make substantial profits.Ā And then, JASMY is the last on the list.
According to the information from IntotheBlock, large-cap cryptos and memecoins are where significant profits are mostly concentrated.
This tendency suggests that although leading cryptos like Ethereum and Bitcoin keep yielding impressive gains, smaller cryptocurrencies are still waiting for their big break.
It could be advantageous for investors to concentrate on these profitable assets while monitoring new opportunities in the cryptocurrency market.
Previously, ETHNews reported IntotheBlock’s Dogecoin report, which adds yet another level of analysis. The analysis showed that DOGE whales now own a smaller portion of the circulating supplyā41.3% compared to 45.3% last year.