News View Non-AMP

Top 3 Altcoins with 85% Profitability in 2024: Add to Your Portfolio Now!

Published by
Zameer Attar

The year 2024 has kicked off with a bang for cryptocurrencies, particularly those aligned with Bitcoin’s ETF gains. The crypto market is showing signs of a sustained recovery, and Bitcoin (BTC) is leading the way. Its price has surged by 3.5% to $46,254.46, reaching its highest level in weeks. This recent uptick extends Bitcoin’s growth streak to 7.18% over the past week, indicating a potential shift in market sentiment.

This surge has led many traders to reconsider their portfolios, with a growing interest in lesser-known coins. After analyzing the top five tokens by market capitalization, three standout assets have profitable addresses exceeding 85%.

Winners Analysis

According to data from IntoTheBlock, Bitcoin boasts a profitability rate of 90.66%, with approximately 47.06 million addresses currently in profit. None of the BTC addresses are incurring losses at the moment, but around 4.85 million addresses (9.35%) are at the break-even point.

Tron, often overlooked, has significantly grown its profitability to 97.51%, with over 113.48 million addresses currently profitable. While not a major gainer, Tron’s strong performance indicates investor interest, as only a small percentage of addresses are experiencing losses.

Stablecoins are Coming Back!

Recent data from Glassnode highlights a positive trend in the stablecoin market, with Tether’s USDT achieving an all-time high market cap of $89 billion. The combined market capitalization of major stablecoins has surged by nearly $5 billion over the past month, reaching $124 billion.

Immutable also boasts a considerable number of profitable addresses—over 55.5 million or 85.58%. Although not as profitable as Bitcoin and Tron, Immutable’s stability in the market is noteworthy. Additionally, 8,490 addresses (13.07%) have experienced losses, and 876 addresses (1.35%) are hovering around the break-even point, providing room for more speculations in the coming weeks.

Also Read: Top Reasons Why Bitcoin (BTC) Bull Run Has Begun?

Key Metric: Address Profitability

Address profitability is a crucial metric for assessing the health of cryptocurrency assets. While Bitcoin, Tron, and Immutable currently lead as the most profitable chains, the market is dynamic, and these figures may change. Nevertheless, this shift towards profitability suggests increased investor activity, hinting at the potential for a fresh rally in the cryptocurrency market.

Which altcoin are you most bullish on after reading this?

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

XRP News Today, Will SEC Vote to Dismiss in July 3 Meeting?

The Ripple vs. SEC case has been going on for a decade and is still…

July 1, 2025

Bitcoin Slips as Trump Threatens to Send Elon Musk Back to South Africa in Fiery Feud

The crypto market opened the week on a volatile note as Bitcoin prices dipped slightly…

July 1, 2025

$16.1m Bet on PEP-20: How Bitcoin’s New Token Standard Went Viral

How did a meme ICO raise millions and force two major exchanges to move before…

July 1, 2025

These 5 Market Makers Are Dominating the Crypto Exchange Landscape

In crypto, market makers are effectively the industry’s kingmakers. Silent engines whose capital reserves and…

July 1, 2025

Crypto Clash in Congress: Senate Kills Bill Barring Politicians From Profiting on Crypto

US Senator Jeff Merkley, a Democrat from Oregon, recently introduced an amendment to the “Outlaw…

July 1, 2025

Bitcoin, Ethereum & XRP Price Prediction for July 2025

The crypto market cap today has nudged up 0.42% to $3.3 trillion, reflecting a cautiously…

July 1, 2025