Key Points:
- 94% of Cardano (ADA) holders are at a loss, 5% are profitable, and 1% are breaking even.
- 95% of Polygon (MATIC) holders are underwater, 4% are profitable, and 1% are breaking even.
- 99% of Avalanche (AVAX) holders are at a loss, and 1% are breaking even.
- 100% of Arbitrum (ARB), Axie Infinity (AXS), ApeCoin (APE), and Algorand (ALGO) holders are all underwater.
- 95% of Chiliz (CHZ) holders are at a loss, 3% are profitable, and 2% are at even money.
- 98% of The Sandbox holders are in the red, and 2% are sitting on profits.
Hot Take:
A significant number of holders of various cryptocurrencies, including Cardano, Polygon, and Ethereum rivals, are currently at a loss, according to blockchain analytics firm IntoTheBlock. The data shows that the majority of investors in these projects are underwater, with only a small percentage being profitable or breaking even. This highlights the volatility and risk associated with investing in cryptocurrencies. It serves as a reminder to crypto readers to carefully consider their investments and be prepared for potential losses in a highly volatile market.
Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.