Data shows XRP among top five high-yielding assets despite hard times

A report from behavioral analytics platform Santiment confirms that XRP remains one of the most profitable assets among the top 5 mainstream assets despite its price woes.
The recent disclosure comes amid concerns surrounding XRP’s inability to break above the $0.5 level, sparking the lure of stablecoins. Since falling below $0.6 on April 12, XRP has failed to recover to a critical price threshold in more than two months, despite occasional price increases in the overall market.
However, XRP has held support at $0.50, which is a testament to its resilience, but investors remain anxious about the lackluster price action. Interestingly, a recent disclosure by Santiment confirmed that the majority of XRP’s circulating supply is currently trading at a profit.
Santiment’s Supply Profitability Metrics
The chain-analytics-based resource presents data related to its “supply profitability” metric. For the uninitiated, this metric calculates the current value of a token and compares it to its initial value when it first appeared on the blockchain. This metric assesses whether the current value of a token is higher (profit) or lower (loss) than its initial price.
According to this metric, Bitcoin (BTC) has 98.3% in its circulating supply in profit as it nears its all-time high of $73,000 reached on March 14. Ranked second with a supply profitability of 95.1% is Ethereum (ETH).
Interestingly, Chainlink ranks third with a supply profitability ratio of 86.8% and a current price of over $17. Meanwhile, Dogecoin’s profitability is 82.2%, with a price increase of 78.7% this year. DOGE’s redemption came in March when the price surged to 87.5%, breaking through multiple resistance points.
XRP proudly claims a supply profitability ratio of 78%
The data further shows that despite not performing as well as other coins on the list, XRP ranks fifth on the list with a profitability ratio of 78.8%. Notably, at its current price of $0.5226, XRP is down 15% this year, making it the only cryptocurrency to suffer a drop since January.
XRP’s high profitability could be due to two factors. One is that most of the circulating supply was released when its price was extremely low. Secondly, token launches tend to correlate with low prices, which is due to the persistently low value of XRP.
It’s worth noting that XRP’s inflation rate is about 200 million tokens per month, coming from Ripple’s escrow releases. This equates to 2.4 billion tokens per year. If monthly releases coincide with low XRP prices, this phenomenon could keep supply profitability stable.
For example, when XRP was trading at $0.5020 on May 1, Ripple released 500 million XRP. At the current price of $0.5226, the tokens are currently in profit. Additionally, when XRP was trading at $0.51 on June 1, Ripple unlocked 1 billion tokens. These coins are also now profitable at current prices.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the author’s own opinions and do not necessarily reflect the opinions of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. -Advertisement-