After the recent surge, what percentage of users are making a profit from each altcoin? Bitcoin has reached its peak; here are the latest altcoin updates.
Cryptocurrency analytics firm Santiment has revealed the current winning cryptocurrencies following the recent cryptocurrency market surge. According to the company's data, the majority of the supply of some leading cryptocurrencies is currently winning.
According to Santimint data, the total supply winning percentage is 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%
Santtimint notes that this metric shows the percentage of the circulating supply of each asset that is currently winning compared to the average on-chain purchase price.
With 94.5% of Bitcoin's supply in profit, this indicates that the majority of investors are currently in a positive position. According to Santiment, this indicates increased market confidence, but also points to the risk of "overvaluation" in the short term. The company warned that "when 19 out of 20 Bitcoins are profitable, the probability of investors making profits increases."
On the other hand, the situation is reversed for coins like Cardano. Only 46.5% of ADA holdings are profitable, meaning that more than half of investors are currently in a loss.
