Tron (TRX) Outshines Bitcoin and Ethereum in profit metrics

Tron's addresses in profit amount to 156.16 million, representing 95.73%. These "In the Money" addresses, as tagged by IntoTheBlock, are currently raking in significant gains in the market.

Tron (TRX) has outpaced Bitcoin (BTC) and Ethereum (ETH) in terms of profit metrics, highlighting the token’s resilience in the face of market volatility.

According to IntoTheBlock's tagging, Tron addresses in profit amount to 156.16 million, representing 95.73% of the total. These "In the Money" addresses are currently tagging significant gains in the market.

Meanwhile, only 1.15% or 1.88 million addresses are recording losses, or are "Out of the Money."

Among the top 10 digital currencies, Bitcoin was the closest to Tron in terms of profitability. Bitcoin currently has 95% profitability. Ethereum and Cardano (ADA) were lower in gains, registering 78.96% and 59.95%, respectively.

Interestingly, Tron achieved this success even with a noticeable decline in price performance. In the past seven days, TRX has dipped below $0.25 support levels as the asset battles market fluctuations.

Tron: Whale activity and ecosystem support

Analysts credit Tron whales as a major support for the ecosystem thus far in December.

Moreover, positive sentiment is rising as the market awaits 2025 to begin the countdown to the new U.S. administration. Notably, Justin Sun, Tron’s founder, has hinted at repositioning the asset with the expected shift in regulatory dynamics.

Earlier in December, a report by Glassnode highlighted Bitcoin's remarkable resilience, showcasing an astounding 95% of Bitcoin addresses entering 2024 in profit.

This finding underscores the cryptocurrency's enduring strength despite the turbulent market conditions that characterized the first half of 2024.

Despite the impressive profitability figures, it's important to note that the majority of Bitcoin addresses are currently registering minimal to no gains.

This finding can be attributed to the fact that many addresses acquired Bitcoin at relatively high prices during the 2021 bull market.

As the market shifts and prices fluctuate, those who entered the market later with lower average prices are tagging larger relative profits.

However, it's worth noting that a small portion of addresses are incurring significant losses, particularly those who purchased Bitcoin during the 2017 bull market at prices above $20,000.