Some traders’ expectations may not look promising so far this year due to the types of assets they bet on. Take one deep look Based on the price trends of the top five tokens by market cap, three distinct assets stand out, as the total addresses within their respective networks that are profitable are above 85%.
Some traders’ expectations may not look promising so far this year due to the types of assets they bet on. Take one deep look Based on the price trends of the top five tokens by market cap, three distinct assets stand out, as the total addresses within their respective networks that are profitable are above 85%.
These assets include Bitcoin (BTC), Tron (TRX), and Immutable (IMX).
Information about BTC, TRX and IMX data
According to data from IntoTheBlock, Bitcoin’s current profitability is pegged at 90.66% with a total of 47.06 million addresses currently in the money. While the data suggests that no BTC addresses are at a loss at the moment, it noted that a total of 4.85 million addresses, or 9.35%, are at breakeven, or “in the money.”
Bitcoin ETF spot products could be said to have contributed to the restart of BTC profitability.
Despite its key relevance to the industry, Tron is arguably one of the most underrated of all the top-ranked cryptocurrencies. By According to data from TheBlock, the profitability of the digital currency has increased to 97.51%, or 113.48 million addresses. In contrast, a total of 1.45 million addresses, or 1.25% of all addresses, are out of money or at a loss, while another 1.45 million addresses, or 1.24% of addresses, are in losses.
Immutable also boasts of enormous profitability, although lower than that of Bitcoin and Tron. More than 55,500,000 addresses, or 85.58% of all addresses, are profitable at the moment. Based on this, loss-making addresses total 8,490, or 13.07%, while those in the money or breakeven total 876, or 1.35%.
Profitability, good measure of health
Addressing profitability remains a crucial way for growth trackers to know which asset is healthy and to what degree. Although there has been a significant change, Avalanche (AVAX) posted a profitability score of less than 40% at some point last year.
While the trio of Bitcoin, Tron, and Immutable are the dominant profitable chains, this figure is largely unstable and may change in the future.
