Price Surge Puts Majority Of Ethereum Investors In Profit

Ethereum investors have had a rollercoaster year in 2022. It has been both successful in some aspects and gut-wrenching in others. After trending in the low $1,000s for a long time, the crypto market rally had seen Ethereum rise to two-month highs. What followed was a marked increase in the number of investors that were actually making a profit from their investments. 57% Of Investors In Profit If anything, the profitability of Ethereum over the years has been a major bull case for the digital asset. Even now, during a brutal crypto winter, the cryptocurrency remains one of the best-performing assets with a higher-than-average number of investors currently seeing profit on their investments. Related Reading: Fed Could Hike Interest Rates By 75 BPS, Here’s What It Means For Bitcoin Data from IntoTheBlock shows that a total of 57% of all ETH wallets are currently seeing profit even at current prices. This puts it ahead of the majority of the market which is seeing the majority of its holders being plunged into loss at current prices. It puts about 40% of all investors in the loss territory, and only 3% are sitting in the neutral territory. This neutral 3% are those whose holdings are currently sitting at the price they purchased the tokens at. 57% of ETH holders in profit | Source: IntoTheBlock For all of this, the IntoTheBlock data also show an important correlation between the amount of time the tokens were held and the p...