Most Bitcoin Holders in Profit As Over 90% of Cardano and Avalanche Investors Sit Underwater: IntoTheBlock


A leading crypto analytics platform reveals that more than half of Bitcoin ( BTC ) owners are in profit while an overwhelming majority of those who invested in Cardano ( ADA ) and Avalanche ( AVAX ) are nursing losses.
New data from IntoTheBlock shows that 62% of Bitcoin holders are seeing gains in their investments while 38% are sitting on losses.

At time of writing, Bitcoin is trading for $25,100.
Looking at the smart contract protocol Cardano, the analytics firm reveals that 91.52% of ADA holders are currently underwater with 7% at breakeven.
Most Avalanche holders are also seeing negative returns. An overwhelming 95.56% are in the red with less than 5% breaking even. 
At time of writing, ADA is worth $0.26, while AVAX is trading for $11.39.
Holders of other crypto assets are also witnessing unfavorable outcomes. Data shows that 51.74% of Dogecoin ( DOGE ) investors and 60.58% of Litecoin ( LTC ) owners are holding underwater positions due to the latest market downturn. 
Although many altcoin holders are feeling the sting of the crypto correction, IntoTheBlock says that the majority of Ethereum ( ETH ) holders are still enjoying gains. The analytics firm shows that nearly 60% of ETH holders are currently in the money.
“The recent crypto market dip sent several assets tumbling. Some are even surpassing 90% of holders holding at a loss.
Not all is gloomy though! Several assets seem to weather the storm pretty well.”
Source: IntoTheBlock/Twitter
At time of writing, Ethereum is trading for $1,653.
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The post Most Bitcoin Holders in Profit As Over 90% of Cardano and Avalanche Investors Sit Underwater: IntoTheBlock appeared first on The Daily Hodl .

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