Data from the crypto market analytics platform demonstrates that 94% of Cardano (ADA) investors have remained at a loss. At the same time, 2% of holders have reached zero and no income, while only 5% of early Cardano holders are making a profit from investing in the asset.

The majority of ADA holders, over 60%, are long-term holders who have owned the crypto asset for a year or more.

Polygon (MATIC) ranks second among the three unprofitable crypto projects in terms of ownership, with 95% of holders being in the negative. A break-even position was maintained by 5% of Polygon investors.

59% of holders have maintained their holdings for more than a year. According to IntoTheBlock, 85% of Polygon’s traded shares are in the hands of large holders, and none of the investors receive income from investing in MATIC.

Avalanche (AVAX) ranks 19th in market capitalization, according to CoinMarketCap data, and 15th among tracked projects on IntoTheBlock’s dashboard.

As in the case of MATIC, AVAX investors do not profit from the asset, and 97% take losses at all. However, unlike ADA and MATIC, only 32% are long-term holders of the asset, and 68% hold AVAX for up to one year.

Analysis of IntoTheBlock data shows that the situation with the decline in the profitability of ADA, MATIC and AVAX, which are among the top 20 cryptocurrencies by market capitalization, is only a special case of the general decline in the value of cryptoassets and the ongoing market crisis. Investors who have invested in Arbitrum (ARB), Axie Infinity (AXS), Chiliz (CHZ), Bored. Ape Yacht Club ApeCoin (APE), The Sandbox (SAND), Algorand Protocol (ALGO) and many others.

The persistence of the downtrend in the market of digital assets commented on the leading YouTube channel DataDash Nicholas Merten (Nicholas Merten), saying that in the coming years investors should not expect a significant increase in the capitalization of cryptocurrencies due to the reduction of liquidity in the markets.

Earlier, analysts at CoinCodex, a company that specializes in supplying crypto market participants with online metrics and technical analysis of digital asset price movements, painted a rosy picture for investors of the Cardano blockchain and its crypto asset ADA.

By Linda

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