The Most Profitable Cryptocurrencies According to Santiment Data Have Been Announced
The cryptocurrency analysis platform Santiment listed the digital assets in which investors are most profitable following the recent rises in the market. According to on-chain data, a significant portion of the supply of some major cryptocurrencies is currently in profit.
According to Santiment's analysis, the rates of the total supply that are in profit are as follows:
Bitcoin (BTC): 94.5%
Ethereum (ETH): 88.7%
XRP: 65.1%
Dogecoin (DOGE): 64.7%
Chainlink (LINK): 59.4%
Cardano (ADA): 46.5%
This metric shows how much of the circulating supply of each asset is currently in profit, based on the average purchase cost on the chain.
Almost All Bitcoin Investors Are in Profit
According to the data, 94.5% of Bitcoin's supply is in the profit zone. This indicates that a large portion of investors are currently in positive returns. Santiment states that this situation indicates strong market confidence. However, this rate also carries a risk of a short-term correction. The company warns, "19 out of every 20 BTC are in profit. This indicates that profit-taking may increase among investors."
Half of the investors in Cardano are in a loss position
On the other hand, the situation for Cardano (ADA) is different. Only 46.5% of ADA is currently in profit, meaning more than half of the supply is at a loss. This indicates that the current prices have not yet reached satisfactory levels for the majority of ADA investors. According to Santiment, this also suggests that ADA may be relatively undervalued and has a potential for recovery.
Assessment: The Balance Between Profit Margins and Price Movements
The data set provided by Santiment stands out as an important indicator for understanding market sentiment. It is stated that assets that are highly profitable may experience selling pressure in the short term, which can create corrective effects on prices. Conversely, projects with lower profitability rates are considered to offer potential buying opportunities.
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