A recent report from Santiment, a behavior analytics platform, revealed that XRP is among the top 5 mainstream assets with the highest profitability, despite its struggles with price. Despite failing to breach the $0.5 level since April 12, XRP has shown resilience by maintaining the $0.50 support level. However, investors remain concerned about the lackluster price movements.
Santiment’s Supply Profitability Metric analyzes the current value of a token compared to its initial value when it first appeared on the blockchain. According to this metric, Bitcoin has the highest percentage of circulating supply in profit, followed by Ethereum and Chainlink. Surprisingly, Dogecoin has also seen significant profitability this year.
XRP ranks fifth on the list with a profitability ratio of 78.8%, despite its price decline of 15% this year. This high profitability may be attributed to the fact that most of the circulating supply was released when the price was low. Additionally, Ripple’s escrow releases contribute to XRP’s inflation rate, which could impact its supply profitability.
It is important to note that this information is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic does not take responsibility for any financial losses incurred.