Crypto investors have found themselves in a profitable position despite the lackluster market conditions. Recent data reveals that large-cap tokens like Bitcoin (BTC) and meme coins are leading the way in terms of returns, leaving altcoins behind.
According to a report by IntoTheBlock, 89.11% of Bitcoin holders are currently in profit, showcasing the continued dominance of the leading cryptocurrency. Ethereum (ETH) is not far behind, with 83.19% of its holders seeing profits. The potential approval of a spot Ethereum ETF by the SEC could further boost Ethereum’s performance.
Meme coins have been a hot topic this year, with Pepe (PEPE) and Floki (FLOKI) leading the pack in terms of profitability at 80.57% and 76.85%, respectively. Dogecoin (DOGE) and Jasmycoin (JASMY) are also seeing significant profits at 74.99% and 72.18%, respectively.
In addition to meme coins, other popular cryptocurrencies like Tron (TRX), Ondo (ONDO), Maker (MKR), and Bitcoin Cash (BCH) are also providing substantial returns to investors. These coins have profits ranging from 72.54% to 82.07%.
The concentration of profits in large-cap tokens and meme coins indicates that these sectors are currently driving the market, while other altcoins are still waiting for their moment to shine.
To sweeten the deal for crypto investors, Binance is offering a $600 exclusive welcome offer to new users who sign up through a specific link. Additionally, BYDFi Exchange is providing up to $2,888 as a welcome reward for users who register and open a 100 USDT-M position for free.
Overall, the crypto market continues to offer lucrative opportunities for investors, especially in the realm of large-cap tokens and meme coins. As the market evolves, it will be interesting to see how other altcoins position themselves to attract profits and investor attention.