According to an indicator by IntoTheBlock, which tracks wallets of different cryptocurrencies and compares them with current prices, the most profitable wallets among BTC, DOGE, SHIB, MATIC and ALGO are coming out of Ethereum.

While the cryptocurrency market entered a major correction phase after December 3-4, Ethereum was one of the coins that could stop the decline and enter consolidation. In the process, most major altcoins have dropped close to 30% from their ATH, while ETH has only lost 18%. In the same period, Bitcoin has moved away from its ATH by 30%. Also, Ethereum is more effective with a market cap of $450 billion, as smaller-volume altcoins such as Dogecoin, Shiba Inu, and Cardano are trading at a 50% discount from their peaks.

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Cryptocurrencies like Ethereum, Cardano, or Avalanche soon rose after the pandemic in March, while the infamous Dogecoin followed by the Shiba Inu topped the bull run. But dog-themed cryptos have been returning a large portion of their gains in recent months. IntoTheBlock shared the following data in wallet analysis according to profit / loss ratios;

Profitable addresses:

  • ETH 86%
  • MATIC 83%
  • BTC 78%
  • ALGO 77%
  • SHIB 56%
  • DOGE 55%

Lost addresses:

  • SUSHI 84%
  • ADA 73%
  • UNI 71%