The crypto market has reached a new level. In the past couple of months, several assets have seen a rise in value. This has resulted in an increase for the majority. This latest boom was needed by the market. Especially after the FTX fiasco, which pushed ecosystems to record lows. Its latest revival has increased profits for the industry.
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What is the Most Profitable Cryptocurrency?
Recent data by IntoTheBlock shows that several popular cryptocurrencies are profitable. Currently, Justin Sun’s Tron Top of the charts. At the current price of TRX, 100% of TRX holders make money. TRX’s price hit an all time high earlier in the week of $0.4407.
Bitcoin (BTC), as seen on the picture, was ranked second with 96.53% profit for its owners. Recently, the king coin surged up to a peak of $103,900.47. BTC’s price at the time of press was $98,034.59. Holders of BTC were making profits despite the drop.
Ethereum (ETH) was the third most popular altcoin. A little over 91.57% of ETH owners were earning money using the altcoin. Second-largest Altcoin reached a peak of $3,928,40 and has not risen above $4,000
Altcoins including Toncoin (TON), Avalanche(AVAX), Bitcoin Cash(BCH), etc., also enjoyed increased returns for investors. The altcoin holders were enjoying profits in excess of 80%. Shiba Coin (SHIB), as well as other meme coins, were included in the list. The second-largest meme cryptocurrency, Shiba Inu (SHIB), was generating profits for 69.14%.
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Other Assets Not Included in the List
A number of assets other than the ones listed in the article also saw notable gains. Dogecoin is an example of a meme currency that has risen 111% within the past 30 days. The percentage of Dogecoin (DOGE) holders who were in the black was lower than that for the other assets.
Solana, (SOL), also hit a record high last month. SOL’s all-time peak was $263.83, as reported by CoinMarketCap on the 23rd of November. SOL’s investors didn’t make the list of top ten despite their rise.
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Source: watcher.guru
