Top 3 Altcoins with 85% Profitability in 2024: The year 2024 has started very well for digital currencies, especially for those linked with Bitcoin’s ETF improvements. The cryptocurrency market is starting to consistently do better, with Bitcoin leading the charge. Bitcoin’s value has increased by 3.5% to $46,254.46, hitting its highest point in several weeks. This latest increase continues Bitcoin’s positive trend, growing 7.18% in the last week, showing that people may be feeling more positive about the market.
This increase has made many traders think about changing their investments, with more of them getting interested in less popular coins. When looking at the top five coins by value, three of them have more than 85% of their holders making money.
Winners Analysis
Data from IntoTheBlock shows that 90.66% of Bitcoin addresses are making money, with about 47.06 million addresses in profit right now. No Bitcoin addresses are losing money, but about 4.85 million addresses (9.35%) are just breaking even.
Tron has quietly increased its profit to 97.51%, now with over 113.48 million addresses making money. Although it’s not the biggest winner, Tron is doing well, showing that investors are interested because only a few addresses are losing money.
Stablecoins are Coming Back!
Recent information from Glassnode shows that the stablecoin market is doing well. Tether’s USDT reached its highest value ever at $89 billion. The total value of the main stablecoins has gone up by about $5 billion in the last month, hitting $124 billion.
Immutable has over 55.5 million addresses, or 85.58%, making money. It’s not as successful as Bitcoin and Tron, but it’s still stable in the market. Also, 8,490 addresses, or 13.07%, have lost money, and 876 addresses, or 1.35%, are just breaking even. This means there could be more guesses about its future soon.
Key Metric: Address Profitability
Checking if a cryptocurrency is making money is very important to see if it’s doing well. Right now, Bitcoin, Tron, and Immutable are the ones making the most money, but this can change because the market always moves. This move towards making more money shows that more people are investing, which could mean that prices might go up soon in the cryptocurrency world.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
