More than 70% of Cardano holders are at a loss; Which currencies have yielded the best returns?

Surveys show that 73% of the addresses they invested in Cardano are now at a loss. About 80 percent of Bitcoin and Atrium holders are still making a profit despite the recent market downturn.

To Report Crypto Slate, the digital currency market is currently in a very bad situation and this is undeniable. Although the total market value has just crossed the $ 3 trillion mark, it is currently just over $ 2 trillion.

These conditions have had several implications for the market, and holders of certain digital currencies appear to have been most affected.

According to data published by the IntoTheBlock website, more than 70% of Cardano’s addresses are currently at a loss. Sushi Swap and Uni Swap are other digital currencies that most owners have lost out on. According to the data, 80% of sushi swap holders and 71% of ion swap holders are now at a loss.

Analytical website IntoTheBlock has measured the average cost of buying digital currencies for different addresses and published the results as follows.

Percentage of addresses currently in profit (by currency):

• Bitcoin 78%
• Atrium 86%
• Dodge Quinn 55%
• Shiba Ino 56%
• Paligan 83%
• Algorithm 77%

Percentage of addresses that are currently at a loss (by currency):

• Cardano 73%
• Sushi Swap 84%
• Uni swap 71%

Cardano fell sharply after reaching a high of $ 3.10 in early September. Since then, the digital currency has lost more than 50 percent of its value. With this, Cardano also lost the fifth place in the digital currency market.

Market data show that Cardano’s price has risen by about 1.5 percent in the last 24 hours and has fallen by about 7.50 percent in the last seven or seven days.

Sushi Swap and Uni Swap also reached new price peaks earlier this year; But then the price of these tokens, both of which belong to decentralized exchanges of the same name, dropped rapidly. The prices of sushi swaps and ion swaps are 75% and 68% away from the historical peak of early 2021, respectively.

Investors’ satisfaction with Bitcoin, Atrium, Dodge Coin and Shiba Ino

Investors in these digital currencies are upset by falling prices and a general downturn in the market; But as the data show, most holders of Bitcoin, Atrium, Paligan, Algrand and two of the market’s most popular memes, Dodge Coin and Shiba Ino, are still making a profit.

78% of bitcoin holders are in profit. In addition, 86% of Atrium holders are profitable. Among the Meem Quinns, 56% of Shiba Inu holders and 55% of Dodge Quinn holders are still out of profit. 83% of Paligan holders and 77% of Algrand holders are still in profit.

Interestingly, many of these profitable digital currencies have recently reached new price highs. However, they have lost some of their value as the digital currency market has undergone extensive reform.