IntoTheBlock According to data published by the company, it has been revealed that the majority of Cardano (ADA) and Shiba Inu (SHIB) owners continue to make losses despite the rise in the crypto markets.
Crypto intelligence firm IntoTheBlock is working to identify which cryptocurrency investors are making losses. Cardano (ADA) examined the balance wallets, the company, which determines the purchase averages of cryptocurrencies, compares it with the current price and discusses the current situation.
IntoTheBlock has found that 84% of ADA holders are out of money or in a loss despite Cardano’s 28.8% rally from a seven-day low of $0.74 to its current price of $0.95. The crypto insight firm also reveals that only 12% of ADA holders are in money or in profits, while 4% are in money or at par.
IntoTheBlock, who also reviewed the meme coin Shiba Inu, Shiba Inu (SHIB) found that 55% of owners had a loss, 39% made a profit, and 7% were at par. At the time of writing, SHIB is trading at $0.000027, up nearly 30% from a seven-day low of $0.000021.
IntoTheBlock also identified profitability for owners of virtual reality platform Decentraland (MANA). According to the analytics firm, 47% of MANA holders are in money and 42% are in losing positions. The rest seem to be at par.
It was found that 51% of the investors of the dog-themed meme coin Dogecoin (DOGE) made a profit, 43% were broke and 6% were at par.
Also, IntoTheBlock reported that the majority of Ethereum (ETH) holders are in profits, with 73% in money, 23% without money and only 4% at par.
For Bitcoin (BTC), no data on owner profitability has been released at this time.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.