After the recent gains, what percentage of users are in profit in each altcoin? Bitcoin hit the ceiling, here is the latest situation in altcoins

Crypto analysis company Santiment has announced the cryptocurrencies with the highest profit margins following the recent rises in the crypto market. According to the company's data, a large portion of the supplies of some leading cryptocurrencies are currently in profit.

According to Santiment's data, the percentage of total supply in profit is ranked as follows:

1. Bitcoin (BTC): %94,5
2. Ethereum (ETH): %88.7
3. XRP: %65,1
4. Dogecoin (DOGE): %64,7
5. Chainlink (LINK): %59,4
6. Cardano (ADA): %46,5

Santiment indicates that this metric shows how much of each asset's circulating supply is currently profitable based on the average on-chain purchase price.

94.5% of the supply in Bitcoin being in profit indicates that the majority of investors are currently in a positive zone. According to Santiment, this shows that market confidence is quite high, but it also signals a short-term risk of 'overvaluation'. The company warned, 'With 19 out of 20 BTC in profit, the likelihood of investors realizing profits increases'.

On the other hand, the situation has turned upside down in coins like Cardano. Only 46.5% of ADA is profitable; meaning more than half of the investors are currently at a loss. According to the analysis company, this situation indicates that current prices are not satisfactory for the majority of investors, while also suggesting that ADA may be relatively undervalued.

*Not investment advice.

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