According to IntotheBlock, the majority of ADA, SHIB, and MATIC holders are currently at a loss
New data shows that the majority of Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) holders are currently suffering losses as the crypto market continues to plummet.
Analytics platform IntoTheBlock examined wallets with ADA balances, found the average purchase amount of the coins, and compared that number to current prices to see which holders are currently losing money.
The holder loses if the average purchase amount is greater than the current price. On the other hand, an investor is considered profitable if the average cost is less than the current price.
Into the block shows Most ADA holders are currently at a loss. Of those who invested in ADA, 90% have lost while only 7% have gained and 3% have broken even.
Using the same process, IntoTheBlock disclosure that 64% of Polygon investors are currently losing money, while only 27% are profitable and 9% are breaking even.
among the people bought Shiba Inu (SHIB), 60% loss, 38% gain and 2% breakeven.
Cryptocurrency analysis platform too shows Of those who have invested in Dogecoin, 48% are holding a losing position, 51% are profitable, and 1% are balanced.
Looking at Bitcoin and Ethereum, IntoTheBlock shows that the majority of BTC and ETH investors are still profitable despite the downturn. As Bitcoin loses about half of its value in two months, 58% Investors are still making profits. for ETH67% of holders “win”, 30% “lose” and 3% break even.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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