A leading crypto analytics platform reveals that more than half of Bitcoin (BTC) owners are making profits, while an overwhelming majority of those who invested in Cardano (ADA) and Avalanche (AVAX) are nurse losses.
New data from IntoTheBlock shows that 62% of Bitcoin holders see profits in their investments, while 38% see losses.
At the time of writing, Bitcoin is trading at $25,100.
Looking at the smart contract protocol Cardano, the analytics company reveals that 91.52% of ADA holders are currently underwater and 7% are breakeven.
Most avalanche keepers are, too to see negative returns. An overwhelming 95.56% are in the red with less than 5% even.
At the time of writing, ADA is worth $0.26 while AVAX is trading at $11.39.
Holders of other crypto assets are also witnessing unfavorable results. Facts shows that 51.74% of Dogecoin (DOGE) investors and 60.58% of Litecoin (LTC) owners are taking underwater positions as a result of the market’s latest downturn.
While many altcoin holders are feeling the sting of the crypto correction, IntoTheBlock says the majority of Ethereum (ETH) holders are still enjoying gains. The analysis firm shows that nearly 60% of ETH holders are currently in the money.
“The recent dip in the crypto market caused several assets to collapse. Some even surpass 90% of holders at a loss.
However, not everything is gloomy! Several assets appear to weather the storm quite well.”
At the time of writing, Ethereum is trading at USD 1,653.
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Featured image: Shutterstock/Antonio Ognibene/Sensvector