The cryptocurrency industry is officially bleeding for the moment, but 2021 has brought serious gains for many investors. This decline, which the crypto money industry is currently experiencing, has still not reached the level of influencing investors since the beginning of 2021. Despite this, those who prefer some cryptocurrencies in the crypto money industry continue to face a continuous decline since the middle of the year.
ADA, SUSHI and UNI at Loss
IntoTheBlock According to the information conveyed by Cardano (ADA) 70% of its investors are at a loss. The biggest loss among popular cryptocurrencies is To SushiSwap (SUSHI) belonging 84% of active SUSHI addresses have lost.
According to UNI, 71% of the wallets in the network are in loss.
For any address with a balance of tokens, ITB identifies the average price (cost) at which those tokens were purchased and compares it current price.
Addresses at profit:$BTC 78%$ETH 86%$DOGE 55%$SHIBA 56%$MATIC 83%$ALGO 77%
Addresses at loss:$ADA 73%$SUSHI 84%$UNI 71% pic.twitter.com/X3oDsA7GDn
— IntoTheBlock (@intotheblock) December 13, 2021
The Cardano price drop is actually associated with the Alonzo hard fork. ADA, which rose up to $3.10 with the expected smart contract news, fell hard after this update did not have the expected effect.
UNI has lost value due to rival decentralized exchanges, and SUSHI is one of them. The real hard fall of SUSHI was the fights within the project, and the reflection of this is clearly seen.
The research company, which also looks at the profits according to wallet entries and exits, stated that Ethereum (ETH), Cosmos (MATIC), Bitcoin (BTC) and Algorand (ALGO) are the cryptocurrencies that make the most profit.
This research was calculated based on wallet addresses in the network, not directly on individual investors.
*Not investment advice.