Most Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) Holders Now Underwater Amid Deep Pullback: IntotheBlock

The majority of new data Among the holders of Cardano (ADA), Shiba Inu (SHIB), and Polygon (MATIC), the cryptocurrency market is still for sale and is currently experiencing losses.

Crypto Insights company IntoTheBlock looks at the wallet containing the Cardano balance, determines the average purchase price of the coins, and compares this number to the current ADA price to determine the owner who is currently underwater.

If the average purchase price is higher than the current price, the stand is underwater or “no cash”. On the other hand, investors are listed as being “in the money” or profit if the average cost is lower than the current price.

IntoTheBlock shows most things Currently underwater cardano holder, is among those who have invested in it There is, 81% ‘have no money’, but only 12% ‘have money’ and 8% ‘have cash’ or the break-even point.

Using the same process, IntoTheBlock is 51% ribbed Investors are in the red, 37% are winning and 12% are breakeven.

On the other hand, among those who bought Shiba Inu (SHIB), 50% lost money, 39% made a profit, and 11% had a break-even point.

Crypto intelligence companies are also making their appearance among those who have invested Dogecoin, 44% are still losing positions, 52% are winning and 5% are breakeven.

Looking at Bitcoin and Ethereum, IntoTheBlock shows that despite the recession, the majority of BTC and ETH investors are still in the green. Bitcoin has lost about half of its value in two months and 58% of investors are still winning. About ETH 61% of owners are “cash”, 30% are “non-cash” and 9% break-even points.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do their due diligence before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfer and transactions are your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hoddle is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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