Arbitrum (ARB), Cardano (ADA), and Chainlink (LINK) are among the cryptocurrency projects that have experienced the greatest losses for their holders. On April 30, cryptocurrency analytics platform IntoTheBlock shared a chart revealing the top projects with the highest holder losses.
According to the survey, Algorand (ALGO) is at the top of the list, with 91% of its holders experiencing losses. Following closely behind are Arbitrum (ARB), Sandbox (SAND), and Axie Infinity (AXS), all with around 80% of their holders in a losing position.
Analysts view this data as a “silver lining” because these assets can present great opportunities as long as they have solid fundamentals and show signs of activity and growth in their networks.
The survey shows that Algorand (ALGO) has a 91% loss rate among its holders. Sandbox (SAND) comes next with 84.58%, followed by Arbitrum (ARB) with 83.43% and Axie Infinity (AXS) with 79.04% of their respective traders. Chiliz (CHZ) has 69.43% and Cardano has 60.01% of holders experiencing losses. Aave (AAVE), Lido DAO (LDO), Uniswap (UNI), and Chainlink (LINK) have trader loss rates of 55.21%, 55.01%, 52.02%, and 48.35%, respectively.
The chart highlights the top projects with the highest number of holders experiencing losses. Algorand leads the chart with 91% of its holders at a loss, while Arbitrum, Sandbox, and Axie Infinity closely follow with around 80% of their holders in a losing position.
Despite the recent bull market in the cryptocurrency industry, which has provided many profit opportunities, only 35% of Cardano (ADA) holders are currently profiting, according to recently shared data. This raises questions about whether this is an opportunity or a warning sign for the ADA cryptocurrency.
Cardano has been gaining attention among layer one networks, which include Bitcoin (BTC), Tron (TRX), Dogecoin (DOGE), Ethereum (ETH), and Avalanche (AVAX). According to data from IntoTheBlock, Cardano currently has 35% of its token holders in profit. Bitcoin remains the most profitable, with TRON in second place. Dogecoin and Ethereum also have the majority of their shareholders currently profiting.
The current profit percentages are as follows: Bitcoin (86%), TRON (85%), Dogecoin (83%), Ethereum (81%), Avalanche (63%), and Cardano (35%).
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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