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Market News

Tron (TRX) Dominates 2024 top 50 Crypto Profitability Charts

Written By:
Jahnu Jagtap

Last updated: December 31, 2024 8:57 PM
Published December 31, 2024 8:23 PM
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Last updated: December 31, 2024 8:57 PM
Published December 31, 2024 8:23 PM
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.

Tron Addresses in profit

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.

Also Read: Tron Stabilizes at $61 Billion in Stablecoin Supply

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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