U.Today – In the ever-evolving world of cryptocurrencies, profitability remains a critical measure of success for both individual investors and the market as a whole. According to recent data from IntoTheBlock, (BTC) continues to dominate the market, with an impressive 86% of its holders currently making profits. This positions BTC as a leading asset, maintaining a significant advantage over other currencies in terms of profitability.
(ETH), the second largest coin by market cap, is also showing strong performance, with 83.19% of its holders making profits. Ethereum's smart contract capabilities and its fundamental role in the DeFi (decentralized finance) ecosystem have contributed significantly to its success. Additionally, the possible introduction of an Ethereum spot ETF 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 has 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 meme coin pack with 80.57% of its profit holders, followed by Floki (FLOKI) with 76.85%. (DOGE), the original meme coin, has 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 profits, respectively. Ondo, which focuses on DeFi and structured products, and JasmyCoin, which aims at the democratization of data and IoT (Internet of Things), are gaining traction and generating notable returns for their investors.
Maker (MKR) and (BCH) round out the most profitable assets, with 75.45% and 72.54% of their holders making profits, respectively. Maker, the governance token for MakerDAO and the Dai stablecoin system, has been a cornerstone of the DeFi ecosystem. Bitcoin Cash, a hard fork of Bitcoin, continues to attract a dedicated following due to its focus on peer-to-peer electronic cash transactions.
This article was originally published on U.Today.
