Bitcoin Dominates With 86% Holders in Profit, Ethereum and Meme Coins Close Behind

Cryptocurrency Profitability: Bitcoin Leads, Ethereum and Meme Coins Gain Traction

Cover image source: U.Today

Current Profitability

In the rapidly evolving cryptocurrency market, profitability remains a crucial indicator of success. According to data from IntoTheBlock, Bitcoin (BTC) remains the dominant player, with an impressive 86% of holders currently in profit. Ethereum (ETH), the second-largest coin by market cap, also exhibits strong performance, with 83.19% of holders in profit.

Tron and Meme Coins Rise

Tron (TRX) follows closely with 82.07% of holders in profit, highlighting its growing influence in the blockchain space. Meme coins are also making a significant impact, with Pepe (PEPE) leading the pack with 80.57% profitability, followed by Floki (FLOKI) at 76.85%. Dogecoin (DOGE), the original meme coin, boasts a respectable 74.99% profitability rate.

Emerging Projects and their Profitability

Emerging projects like Ondo (ONDO) and JasmyCoin (JASMY) are also gaining traction, with 75.61% and 72.18% of holders in profit, respectively. Ondo focuses on DeFi and structured products, while JasmyCoin targets data democratization and IoT.

Top Performers

Rounding out the top profitable assets are Maker (MKR) at 75.45% profitability and Bitcoin Cash (BCH) at 72.54%. Maker, the governance token for the MakerDAO and Dai stablecoin system, is a cornerstone of the DeFi ecosystem. Bitcoin Cash, a hard fork of Bitcoin, continues to be popular for peer-to-peer electronic cash transactions.