DOGE, ETH and LTC Among 3 Most Profitable Coins in This Bullrun: Crypto Market Review, Jan. 16

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$DOGE, $ETH and even $SHIB are rebounding, but is it for long? Here's what market data shows

The market has experienced one of the strongest spikes in open interest on derivatives since the implosion of FTX and the bullrun of 2021. Such a dynamic surprised almost every analyst out there. The chaotic nature of the hate rally we are seeing now creates a lot of questions but does not offer any answers. But some assets enjoy it while it lasts.and Litecoin has been pretty similar to the rest of the market.

According to profitability indicators, Dogecoin, Ethereum and Litecoin remain one of the most effective investments on the cryptocurrency market as their profitability stays well above the 50% threshold and has reached even higher after the massive rally on the market. Ethereum is currently bringing a profit to 61% of its investors, making it one of the most profitable digital assets from the top 100 of the market by capitalization. Prior to the rally on the market, Ether has not been showing any signs of a solid recovery, especially at the existing burn rate on the market.

 

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