As a seasoned crypto investor with several years of experience under my belt, I’ve seen the market ebb and flow through various cycles. The current market may have lacked luster, but I’m comfortably sitting on substantial piles of profit. The latest data suggests that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat.
Despite the market appearing less vibrant, investors can still take pride in their sizeable gains.
As a crypto investor, I’ve noticed that recent data indicates a significant shift in profit generation. Large-cap tokens and meme coins seem to be where the majority of profits lie these days. Altcoins, on the other hand, appear to have taken a step back for now.
Recently, IntoTheBlock’s latest investigation unveiled that approximately 89.11% of Bitcoin (BTC) owners are currently experiencing profits. This significant figure underscores Bitcoin’s persistent strength within the market, even amidst the introduction of numerous types of tokens in recent years.
Following Bitcoin (BTC), we have Ethereum (ETH) with a noteworthy 83.19% of its investors currently experiencing gains. This robust performance could potentially be bolstered even more, as the US Securities and Exchange Commission (SEC) has given the go-ahead to several applicants looking to introduce spot Ethereum Exchange Traded Funds (ETFs).
As an analyst, I’ve observed that meme coins have driven significant gains in the market this year. Consequently, it comes as no shock that these digital assets represent a substantial portion of the chart’s growth. Specifically, Pepe (PEPE) and Floki (FLOKI) have taken the top spots with impressive returns of 80.57% and 76.85%, respectively.
As an analyst, I’ve observed that Dogecoin (DOGE) and Jasmycoin (JASMY), the pioneering meme coin and the newly launched cryptocurrency, respectively, have shown impressive returns for investors. Specifically, DOGE investors experienced a profit of 74.99%, while JASMY investors saw profits amounting to 72.18%.
As a crypto investor, I’ve noticed that apart from meme coins, there are other noteworthy cryptocurrencies with a substantial number of holders currently in profit. These include Tron (TRX) with a profit rate of 82.07%, Ondo (ONDO) at 75.61%, Maker (MKR) bringing in 75.45%, and Bitcoin Cash (BCH) yielding 72.54%.
As a crypto investor, I’ve noticed that a significant portion of the profits in the market are being generated by large-cap cryptocurrencies and memecoins. On the other hand, many altcoins are yet to experience their breakout moments.
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2024-06-20 19:24