This report looks at how much of the supply of popular cryptocurrencies is currently making money for its holders. We’ll compare Bitcoin, Dogecoin, XRP, and others.
What Does “Percent of Total Supply in Profit” Mean?
This metric shows what percentage of a cryptocurrency’s total supply is currently worth more than it was when last traded. If you bought a coin for less than its current price, you’re in profit. This data comes from analyzing past transactions on the blockchain.
Cryptocurrency Profitability: A Leaderboard
Here’s how some top cryptocurrencies stack up:
-
Bitcoin (BTC): A whopping 98.4% of Bitcoin in circulation is currently showing a profit. This isn’t surprising since Bitcoin recently hit new all-time highs.
-
XRP: Even though XRP hasn’t seen much recent growth in this metric, over 90% of its supply is still profitable.
-
Chainlink (LINK): 80.5% of Chainlink is in profit.
-
Dogecoin (DOGE): A solid 77.9% of Dogecoin’s supply is currently making money for its holders.
-
Ethereum (ETH): Ethereum lags behind at 71.5%.
-
Cardano (ADA): Not specified in this report.
What Does This Mean for the Future?
Generally, when a large portion of a cryptocurrency’s supply is profitable, there’s a higher chance of people selling to lock in those gains. This could lead to price drops.
However, this doesn’t automatically mean a price crash is coming. Bitcoin, for example, could keep rising if demand stays strong enough. But cryptocurrencies with lower percentages of profitable coins, like Ethereum and Dogecoin, might have more room to grow if market conditions are right.
Dogecoin’s Current Situation
Dogecoin’s price is currently hovering around $0.22 and hasn’t seen much movement lately.
