Ethereum (ETH), the second-largest coin by market capitalization, also showcases a strong performance, with 83.19% of its holders in profit. Ethereum’s smart contract capabilities and its pivotal role in the DeFi (decentralized finance) ecosystem have significantly contributed to its success. Moreover, the potential introduction of an Ethereum spot ETF could catalyze further price appreciation.
Interestingly, meme coins are also making a significant impact on the profitability rankings. Pepe (PEPE) leads the meme coin pack with 80.57% of its holders in profit, followed by Floki (FLOKI) with 76.85%. Dogecoin (DOGE), the original meme coin, boasts a 74.99% profitability rate. These figures indicate that meme coins, often considered speculative investments, have generated substantial returns for their holders.
Maker (MKR) and Bitcoin Cash (BCH) round out the top profitable assets, with 75.45% and 72.54% of their holders in profit, respectively. Maker, the governance token for the MakerDAO and the Dai stablecoin system, has been a cornerstone of the DeFi ecosystem. Bitcoin Cash, a hard fork of Bitcoin, continues to attract a dedicated following due to its focus on peer-to-peer electronic cash transactions.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
