A reputable crypot analysis platform has revealed that more than half of Bitcoin (BTC) owners have managed to make a profit, while a significant majority of investors in Cardano (ADA) and Avalanche (AVAX) have suffered significant losses . These findings shed a sharp light on the financial performance of these cryptocurrencies.
Bitcoin triumphs, Cardano and Avalanche lose ground
Data from IntoTheBlock shows that 62% of Bitcoin owners have realized a profit on their investments, while the remaining 38% have experienced negative returns. At the moment, Bitcoin is trading at a price of $24,914.
IntoTheBlock analysts reveal a much less rosy picture for Cardano investors. An overwhelming 91.52% of ADA holders are currently losing money, with only 7% having recovered their initial investment.
A similar trend is observed among the Avalanche holders. A staggering 95.56% of investors are currently losing money, while less than 5% have reached break-even.
Ethereum investors resist market drop while other altcoins struggle
Holders of other crypto coins are also experiencing negative results. The data suggests that 51.74% of Dogecoin (DOGE) investors and 60.58% of Litecoin (LTC) owners are currently at a loss. This is mainly due to the recent market correction.
While many altcoin owners are feeling the impact of the market correction, IntoTheBlock indicates that the majority of Ethereum (ETH) owners are still in profit. Their analysis shows that nearly 60% of ETH owners are currently earning positive returns.
“The recent downturn in the crypto market has led to significant losses in the value of several assets. In some cases, more than 90% of investors have experienced losses. Nevertheless, there seems to be hope in the midst of this gloomy situation.a Some assets appear to be weathering the tumultuous storm better,” said IntoTheBlock.