Bitcoin Holders In Profit At 89%: Pepe, Dogecoin Fall Back

Sahana Kiran
Source – Unsplash

Bitcoin [BTC] has time and again proved its dominance over the cryptocurrency market. The asset’s market cap currently stands at a high of $1.26 trillion. The rest of the coins continue to remain in the billion zone. Apart from this, Bitcoin topped the charts in terms of profits and losses. Bitcoin holders were raking in profits and the asset emerged as the most fortunate.

According to IntoTheBlock, Bitcoin led the market with 89% of its holders enjoying profits. This comes despite a recent dip, with Bitcoin trading at $64,177 following a 1.11% drop. Ethereum [ETH], the second-largest cryptocurrency market cap also seemed profitable as 83% of its holders were in the green.

Justin Sun’s Tron [TRX] has failed to make headlines in recent days. But the 83% of the asset’s holders were enjoying profits. Unlike the rest of the market, TRX was surging by 1.65% over the last 24 hours and was priced at $0.1185.


Also Read: Bitcoin Predicted to Reach $200,000 by 2025 Says Bernstein

Is Pepe the Only Profitable Meme Coin?

The cryptocurrency market is filled with several canine-themed meme coins. But, a frog-inspired coin was raking its investors more profits. Pepe Coin [PEPE] stood along the top assets with a profitability rate of 80%. Dogecoin [DOGE] the world’s first meme cryptocurrency was lagging with only 75% holders in profit. Surprisingly, Floki [FLOKI] took over DOGE with 76.85% of its holders enjoying gains.

A community-driven project, Shiba Inu [SHIB] wasn’t on the list. The asset hasn’t been seeing major growth in its price. The asset has dipped by 16% throughout the past week. The profitability rate is not something that is achieved overnight. Cryptocurrencies purchased at a lower price bring in more profits for investors.

Also Read: ‘PEPE Rises 14% as Meme Coins Rebound – 3 Tokens That Could Pump Next