Majority of Cardano, Algorand & Uniswap Holders Are At Loss Right Now

Majority of Cardano (ADA), Algorand (ALGO) and Uniswap (UNI) holders are currently at loss as the crypto market wide correction continues, data reveals. 

According to data from IntoTheBlock, majority of wallets with a Cardano, Algorand or Uniswap, are at loss looking at the average purchase amount of the coins and compared to the current price of the asset.

A holder is at loss, if the average purchase amount is greater than the current price. On the flip side, an investor is listed as in profit if the average cost is less than that current price.

According to the data, 84% of Cardano (ADA) holders are at loss currently. Only 10% of ADA holders are at profit, and 6% are at breakeven.

For Algorand the data shows even more brutal numbers, 90% of ALGO holders are currently at loss, while only 6% are at profit, leaving 4% at breakeven.

75% of Uniswap holders are at lost, at the time of writing. While, 24% are profit, only 1% is at breakeven.

Majority of the holders of the two leading crypto assets, Bitcoin (BTC) and Ethereum (ETH) remain in profit zone.

58% of Bitcoin investors remain in the profit zone, while 40% are at loss, and 3% at breakeven. The numbers for ETH look more bright; 67% in profit, 30% at loss and 2% at breakeven.

It’s worth mentioning, that the profit and losses only actualizes at the sale of an asset. While many tend to make rash decisions at tough times, strong hands wait the correction out and sell at profit or keep holding on to the asset.