Despite the ongoing widespread volatility in the crypto market, multiple assets still put majority token holders at profit

Despite the ongoing widespread volatility in the crypto market, multiple assets still put majority token holders at profit, according to data released by CryptoRank.io.

Despite the prevailing market volatility, a majority of token holders are still in profit across multiple assets, according to data released by CryptoRank.io today. This crypto growth comes as increased price fluctuations continue to affect performance of most tokens.

Top assets by holders in profit

As per metrics from CryptoRank.io, many prominent crypto assets have stood out as profitable options.

Bitget Token (BGB) takes the lead. A whopping 95.5% of holders are making profit at BGB’s current price. Bitget Token is a native token of the cryptocurrency exchange Bitget. It is used to pay for trading fees and other services on the exchange.

Mantra (OM) took the second position with 90% of its holders are making money in the asset.

Tron (TRX) stood in the third spot as 89.8% of the TRX holders are in profit currently.

Bitcoin (BTC) holders scooped the fourth position with 86.4% of its holders making profits with the asset. The largest cryptocurrency is currently trading $80,930.15. Despite this price decrease, the token’s holders are seen reaping profits.

Next is Bitcoin Cash (BCH) as 69.4% of its holders are in profit. It was followed by Aave (AAVE). Currently, 50.9% of Aave holders are making returns at the current price. This number is promising as profitable holders are less likely to sell their holdings, which assists in sustaining the upside price pressure.

Ethereum (ETH) clinched on position seven, with 47.9% of Ether investors are making money. This dismal performance happens because the asset’s price has declined to a worrying level. ETH’s price is currently standing at a low of $1,876.23.

Lastly, other assets like Mantle, Chainlink, and Litecoin are also registering impressive gains for their investors. At current price, 43.2% of Mantle (MNT) holders are in profit. Also, data shows that 37.7% of Chainlink (LINK) holders are in profit while 37.2% of Litecoin (LTC) holders are making money.

When will the bear market end?

The ongoing heightened price fluctuations has caused fear and uncertainty in the digital asset market, leaving traders concern about their investments. With Bitcoin and other crypto assets witnessing drastic price decreases, selling pressure keep rising, influencing investors to move to minimize their losses.

Regardless of the cause of the turmoil, this downtrend is a natural component of the market cycle, providing a potential opportunity for accumulating tokens at a discount. Downturns are normally common in bullish markets, assisting in resetting overbought conditions before the next upswing movement.