HomeCoinsEthereumOver 90% of Cardano, Polygon and One Ethereum Rival’s Holders Are Underwater:...

Over 90% of Cardano, Polygon and One Ethereum Rival’s Holders Are Underwater: Analytics Agency IntoTheBlock

A number one blockchain analytics agency says that an enormous share of Cardano (ADA) and Polygon (MATIC) holders are underwater.

In response to IntoTheBlock, 94% of the holders of Ethereum (ETH) competitor Cardano are sitting on losses, simply 5% are worthwhile and 1% are breaking even.

Cardano is buying and selling for $0.25 at time of writing, down 91.73% from its all-time excessive of $3.09 which it hit on September 2nd, 2021.

In response to the analytics agency, 95% of the holders of the Ethereum scaling resolution Polygon are at a loss, 4% are worthwhile and 1% are breaking even.

Polygon is value $0.54 at time of writing, down 81.48% from its all-time excessive of $2.92 recorded on December twenty seventh, 2021.

Practically all of the holders of ETH rival Avalanche (AVAX) are at a loss, in keeping with IntotheBlock.

Some 99% of AVAX holders are underwater and 1% are breaking even.

Avalanche is buying and selling for $9.92 at time of writing, down 93.16% from its all-time excessive of $144.96 printed on November twenty first, 2021.

Different crypto initiatives which have an enormous variety of their traders seeing pink embrace the layer-2 scaling resolution Arbitrum (ARB), blockchain-based sport Axie Infinity (AXS), fan-focused crypto venture Chiliz (CHZ), native token of the Bored Ape Yacht Membership ApeCoin (APE), decentralized digital world The Sandbox (SAND) and proof-of-stake protocol Algorand (ALGO).

In response to IntoTheBlock, 100% of the holders of Arbitrum, Axie Infinity, ApeCoin and Algorand are all underwater.

Arbitrum is buying and selling for $0.88 on the of writing, down 89.80% from its all-time excessive of $8.67 registered on March twenty third, 2023.

Axie Infinity is value $4.49 at time of writing, down 97.27% from its all-time excessive of $164.90 which it hit on November sixth, 2021.

ApeCoin is buying and selling for $1.39 at time of writing, down 94.79% from its all-time excessive of $26.70 reached on April twenty eighth, 2022.

Algorand is value $0.0917 at time of writing, down 97.42% from its all-time excessive of $3.56 recorded on June twentieth, 2019.

In response to the analytics agency, 95% of Chiliz holders are sitting on losses whereas 3% are worthwhile and a pair of% are at even cash.

Chiliz is buying and selling for $0.0599 at time of writing, down 93.19% from its all-time excessive of $0.878 printed on March thirteenth, 2021.

In the meantime, IntoTheBlock reveals that 98% of The Sandbox holders are within the pink whereas 2% are sitting on income.

At time of writing, The Sandbox is value $0.30, down 96.37% from its all-time excessive of $8.40 which it hit on November twenty fifth, 2021.

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Featured Picture: Shutterstock/Quardia/Mingirov Yuriy/Sensvector

Supply: https://dailyhodl.com/2023/09/02/over-90-of-cardano-polygon-and-one-ethereum-rivals-holders-are-underwater-analytics-firm-intotheblock/

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