A recent report from Santiment, a behavior analytics platform, reveals that XRP is among the top 5 mainstream assets with the highest profitability, despite facing challenges with its price. Despite struggling to surpass the $0.5 mark, XRP has maintained stability and resilience, hovering around the $0.50 support level. However, investor concerns have persisted due to the lackluster price movements.
Santiment’s Supply Profitability Metric analyzes the current value of tokens compared to their initial value when they first entered the blockchain. According to this metric, Bitcoin has the highest percentage of circulating supply in profit, followed by Ethereum. Chainlink and Dogecoin also boast high profitability rates.
Interestingly, XRP ranks fifth on the list with a profitability ratio of 78.8%, despite experiencing a 15% decline in price this year. This high profitability can be attributed to the release of circulating supply at low prices and the regular token releases from Ripple’s escrow. These factors have helped keep XRP’s supply profitability high.
It is worth noting that XRP’s inflation rate adds approximately 200 million tokens to the supply every month. If these releases coincide with low prices, it contributes to the overall profitability of the circulating supply. For example, recent token releases from Ripple at low prices have now become profitable at the current market value.
Please note that this article 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 opinions expressed in this article are solely those of the author and do not necessarily reflect the views of The Crypto Basic.
