Top 10 Projects That Most HODLers Lose Out on
TL;DR
- The recent correction in the cryptocurrency market primarily affected a large number of altcoin investors, with a significant number of them facing losses.
- Meme coin investors such as dogecoin (DOGE) and Shiba Inu (SHIB) are doing relatively better; fewer investors face losses and benefit from earlier price increases.
Despite the promising start of the year and Bitcoin (BTC) halving Which one happened? Over the past month, the cryptocurrency market has been going through a serious correction lately. The price of the primary cryptocurrency fell below the $60,000 level, dropping 10% in a week. Other leading digital assets such as Ethereum (ETH), solana (SOL), ripple (XRP) and many more are also in the news.
Market intelligence platform Into the block He outlined ten cryptocurrency projects that most HODLers are currently sitting on paper losses.
algorand (ALGO) investors are at the top of the rankings with 91% of investors are underwater. This is followed by Sandbox (SAND) and arbitrum (ARB), with more than 80% in the red. as of now.
Cardano (ADA) and Uniswap (UNI) investors are also part of this unprestigious club. respectively losses are 60% and 52%.
Contrary to the grim statistic, IntoTheBlock suggested that these assets “can offer great opportunities as long as they show strong fundamentals and signs of on-chain activity and growth.”
How Are Meme Coin Owners?This chart shows the top projects that incurred the most losses.
Algorand is at the top of the list with 91% of its owners losing.
Arbitrum, Sandbox and axie infinity rankings are close to each other and approximately 80% of their owners are in a losing position.
Silver plated? These beings… pic.twitter.com/z7RPFLBD34
— IntoTheBlock (@intotheblock) 30 April 2024
It is interesting to note that list mentioned above Does not include any meme money. A comprehensive look at IntoTheBlock demonstrations Only 18% of Dogecoin (DOGE) holders are currently sitting at paper losses. shiba inu (SHIB) investors are slightly more affected; almost 40% remains under water as of now. Majority The percentage of people investing in pepe (PEPE) and Floki Inu (FLOKI) is also green.
The situation in the meme coin group looks more optimistic due to the significant price increases experienced by many assets over the months before prevailing correction.
Recall that in September last year, the picture was not so positive when almost 90% of SHIB holders were at paper losses, while DOGE investors’ share in the green was 42%.
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