IntoTheBlock, the largest source of data for individual investors, shows that Ethereum remains the most profitable cryptocurrency among other altcoin projects. According to an indicator where the firm tracks wallets of different cryptocurrencies and compares them with current prices, the most profitable wallets among BTC, DOGE, SHIB, MATIC and ALGO are coming out of Ethereum. Details cryptocoin.com‘in.
Comparative market performance of the leading altcoin project
While the cryptocurrency market entered a major correction phase after December 3-4, Ethereum was one of the coins that could stop the decline and enter consolidation. In the process, most major altcoins have dropped close to 30% from their ATH, while ETH has only lost 18%. In the same period, Bitcoin moved away from its ATH by 30%. Also, Ethereum is more effective with a market cap of $450 billion, as smaller-volume altcoins like Dogecoin, Shiba Inu, and Cardano are trading at a 50% discount from their peaks.
Meme coins have returned most of the big gains!
“Useful” cryptocurrencies such as Ethereum, Cardano, or Avalanche soon rose after the pandemic in March, while the notorious Dogecoin followed by the Shiba Inu in the first place. But dog-themed cryptos have been returning a large portion of their gains in recent months. IntoTheBlock provides the following data in wallet analysis according to profit / loss ratios. shared:
Profitable addresses:
- ETH 86%
- MATIC 83%
- BTC 78%
- ALGO 77%
- SHIBA 56%
- DOGE 55%
Lost addresses:
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