Ethereum

Bitcoin

Pepe

Dogecoin

<p>A prominent source of analytical insights in the cryptocurrency market, <a href="https://www.intotheblock.com/" target="_blank" rel="noopener">IntoTheBlock</a>, recently published an exciting new report giving an insight into the level of profitability among holders of different cryptos.</p> 
<p>Topping this list is Bitcoin, the largest crypto by market cap, with 89.11% of its stakes in profit. This large number not only shows that Bitcoin is still going strong, but that interest in the cryptocurrency among investors remains intact.</p> 
<p>Ethereum remains behind, but far behind again as 83.19% of those that own it are showing profits, indicative of the strength and future prospects of this particular altcoin leader. With the prospect of an Ethereum ETF launch on the horizon, it has been predicted that this could lead easily to more positive growth for Ethereum in the market.</p> 
<p>The report also identified “memecoins”, which demonstrated a particularly high percentage of their holders in the money, with Pepe and Dogecoin leading the space.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">This chart highlights top cryptocurrency projects ranked by the percentage of holders in profit.👇<br><br>🟢Bitcoin remains dominant, with over 86% of its holders in profit.<br>🟡Ethereum is close behind, showing strong performance. The introduction of an <a href="https://twitter.com/hashtag/EthereumETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#EthereumETF</a> could be the push… <a href="https://t.co/MOtJumk9uU" target="_blank">pic.twitter.com/MOtJumk9uU</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1803690287258063014?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="memecoins-and-large-caps-a-comparative-analysis">Memecoins and Large-Caps: A Comparative Analysis</h2> 
<p>According to IntoTheBlock, only a minority of Bitcoin and Ethereum holders have realized gains, but everyone would still be in the black if they held these very large-cap cryptocurrencies all along; Popular-meme coin communities are clearly unique areas.&nbsp;</p> 
<p>Though they are largely uncharacteristic and bullish in most cases, pure memecoins such as Pepe (80.57% of holders profitable) and <a href="https://blockchainreporter.net/price-prediction/dogecoin-price-prediction-will-dogecoin-go-up/">Dogecoin</a> (74.99%) still manipulate investor interest and engagement enormously.</p> 
<p>Some of this data suggests these two segments – large-caps and memecoins – today account for the lion’s share of profitable crypto holdings. This could indicate that traditional heavyweight tokens still provide stability and growth, but that new volatile tokens also offer much higher returns albeit with greater risks.</p> 
<p>As shown in the accompanying infographic from IntoTheBlock, this analysis is an important metric for investors looking to get a feel of market sentiment and potential investment opportunities. Insight into which cryptocurrencies are experiencing a high level of recent profitable HODLers, investors and traders can weigh the potential upside against their own risk limits.</p>

From Bitcoin to Dogecoin: Here Are The Top Cryptos Making Holders Rich

Table of Contents

BlockchainReporter

Other articles published on Jun 21, 2024

Crypto Dragon (CRYDRAG) Will Surge 19,000%, Looks to Challenge Shiba Inu and Dogecoin

Winklevoss Twins’ $1M Bitcoin Donations to Trump Refunded

Analyst Provides Cryptocurrency Insights

2024 Crypto Valuations: BlockDAG’s Future Worth, Fetch.ai Joins Forces with LINK, Algorand as an ...

SEC Closes Ether Investigation

Game On: PlayGround Launches Games with a Unique Gaming Community

Join our free newsletter for daily crypto updates!