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140 shares, 353 points

Although the crypto markets have been experiencing a deep correction in recent weeks, MATIC, BAT and ETH remain profitable even in this case. The majority of the market continues to move with a 20% correction. On the other hand, some altcoin projects manage to keep their profitability rates significantly above the average. Although Ethereum’s market cap significantly exceeds that of other cryptocurrencies, it’s not overlooked that it competes with smaller competitors.

Altcoin projects still making profits

Popular raltcoin Polygon’s Matic token and Basic Attention Token, It maintains one of the highest profitability ratios in the market, according to IntoTheBlock’s Entry/Exit Money Indicator. BAT remains the leader among the most profitable tokens and cryptocurrencies with a market cap of over $1 billion. According to market data, the token is held with a profitability ratio of 86%, which means that 86% of positions in the market are opened below the current price. Only 12% of all BAT holders keep their tokens at a loss. As the second most profitable token in the market, Matic has retraced more than 22% from its all-time high and is currently trading at $2.2, up 13% in the last six days.

Ethereum’s market performance is somewhat behind its competitors. As for the second largest cryptocurrency in the market, Ethereum unfortunately can’t keep up with Matic or BAT and currently shows a 73% profitability rate. In the last few days, Ether has failed to show the same results as Polygon’s token and has only managed to gain 1%. All three cryptocurrencies have had a strong correction since the end of December 2021 and have lost around 20% of their value, reducing their profitability from almost 100% to 80% on average.


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