Tron (TRX) Dominates 2024 top 50 Crypto Profitability Charts
Tron (TRX) has clinched the title of the most profitable asset among the top 50 cryptocurrencies, even as its price dipped by 3.2% to $0.2525. According to data from IntoTheBlock, Tron boasts an impressive 95.73% of its 156.16 million addresses currently in profit, outshining major players like Bitcoin, Ethereum, and Cardano.
Tron’s profitability metrics are particularly striking, with only a minuscule 1.15% of its addresses, or 1.88 million, showing losses. This stark contrast has positioned Tron far ahead in the profitability race within the crypto market.
Bitcoin, although close behind with a 95% profitability rate, doesn’t match Tron’s dominance in this aspect. Ethereum and Cardano lag with profitability percentages of 78.96% and 59.95%, respectively.
Despite facing a downturn, with TRX sliding below the $0.25 threshold over the last week amid market volatility, the coin’s market resilience is notable. At the time of this report, TRX was trading at $0.2509, marking a further 3.4% decline in the past 24 hours.
However, this hasn’t dampened the spirits of traders; instead, there’s been a significant 28.75% surge in trading volume, reaching $819.19 million, indicating a bullish sentiment and anticipation for a potential price rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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