Cardano (ADA), Sushiswap (SUSHI) and Uniswap (UNI) holders will most likely continue to experience losses
There’s no denying that we’re going through a crypto winter, the industry’s total market cap recently hit an all-time high (ATH) of over $ 3 trillion and is now just over $ 2 trillion causing some bad impact on the market , as investors who “swing” some tokens lose patience.
Cardano, Sushiswap and Uniswap are in red
According to IntoTheBlock, over 70% of Cardano (ADA) owners are currently at a loss. Other notable tokens that are also seeing similar losses are Sushiswap (SUSHI) with over 80% and Uniswap (UNI) with 71%.
For each address with a credit token, ITB applies the average price (cost) at which these tokens were purchased and compares the current price.
– IntoTheBlock (@intotheblock) December 13, 2021
ADA lost more than 50% of its value after hitting an all-time high (ATH) of $ 3.10 in early September. Currently, ADA price has fallen more than 5% in the last 24 hours and more. 15% in the last 7 days.
ADA price table | Source: Tradingview
SUSHI and UNI, the native tokens of the two leading decentralized exchanges, have fallen in values since they hit new ATHs earlier in the year. For example, SUSHI lost 75% of ATH while UNI lost 68%.
Bitcoin, Ether, DOGE and SHIB holders will continue to benefit
While ADA, SUSHI and UNI holders are likely to continue to take losses as the entire crypto market is currently not doing well, the holders of Bitcoin, Ethereum and two popular meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) are along with the owners of Matic and Algorand, they are still making a profit.
According to IntoTheBlock, 78% of Bitcoin holders are currently profitable. At Ethereum, 86% of the holders are profitable, while the two memes, SHIB and DOGE holders, make a profit of 56% and 55% respectively.
What’s interesting is that many of these coins have risen to new ATH levels recently despite being out of breath as the broader crypto market faces a correction.
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