Arbitrum, Cardano and Chainlink are among cryptocurrency projects with the biggest losses; Details

Arbitrum (ARB), Cardano (ADA) and Chainlink (LINK) are among projects with the biggest losses for their respective holders. Cryptocurrency analytics platform IntoTheBlock shared a chart on April 30 showing the top cryptocurrency projects with the biggest holder losses.

According to the survey, the Algorand cryptocurrency (ALGO) leads the data, occupying the top of the table, with 91% of its holders making a loss. Additionally, Arbitrum (ARB), Sandbox (SAND), and Axie Infinity (AXS) are close, all with around 80% of their holders in a losing position.

For analysts, the data presented on the projects is a “silver lining” as “these assets can present great opportunities, as long as they present solid fundamentals and signs of activity and growth in the network”.

According to the survey, Algorand (ALGO) has 91% of holders with losses; Next comes Sandbox (SAND) with 84.58%, Arbitrum (ARB) with 83.43 and Axie Infinity (AXS) with 79.04% of their respective traders. Chiliz (CHZ) has 69.43% and Cardano 60.01% of holders in loss. Aave (AAVE), Lido DAO (LDO), Uniswap (UNI), and Chainlink (LINK) had a trader loss ratio of 55.21%, 55.01%, 52.02%, 48.35%, respectively.

This chart shows the top projects with the most holders in loss.

🔴Algorand tops the chart, with 91% of its holders at a loss.

🟡Arbitrum, Sandbox and Axie Infinity rank close together, all with around 80% of their holders in a loss position.

The silver lining? These assets… pic.twitter.com/z7RPFLBD34

— IntoTheBlock (@intotheblock) April 30, 2024

Only 35% of Cardano (ADA) holders are profiting

Even with the recent bull market in the cryptocurrency industry providing many profit opportunities for investors in various crypto assets, Cardano (ADA) remains an unknown quantity, registering only 35% of its holders in the green, according to recently shared data. Is this a sign of an opportunity or a warning sign for the ADA cryptocurrency?

The Cardano blockchain has been standing out among layer one networks, which include Bitcoin (BTC), Tron (TRX), Dogecoin (DOGE), Ethereum (ETH) and Avalanche (AVAX). According to recent data shared by cryptocurrency analytics platform, IntoTheBlock, on April 24, Cardano is currently reporting 35% of token holders in profit.

The survey highlighted that Bitcoin remains the king, with TRON appearing in second place. The DOGE and ETH cryptocurrencies also have the vast majority of their shareholders currently profiting.

According to the data, these are the profit percentages currently: Bitcoin (86%); TRON (85%); Dogecoin (83%); Ethereum (81%); Avalanche (63%); Cardano (35%).

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.