More Than 60% of Shiba Inu, Cardano and Polygon Holders Nursing Losses Amid Weak Crypto Bounce – Analytics Firm
Source: Daily Hodl Staff
A leading analytics firm says the majority of Shiba Inu (SHIB), Cardano (ADA) and Polygon (MATIC) holders are still losing money on their investments despite a small boost in the crypto markets this week.
In a new blog post, IntoTheBlock says Cardano holders are doing the worst out of the three, with about 82% of ADA holders currently losing money.
Cardano is trading at $0.839082 at time of writing. The 9th-ranked crypto asset by market cap is up more than 4% in the past 24 hours.
Next up, about 61% of traders who hold MATIC, the native token for blockchain scaling solution Polygon, are currently losing money on their investments. The 18th-ranked crypto asset by market cap is up 5.4% in the past 24 hours.
The same percentage of crypto traders are also losing money on the popular memecoin Shiba Inu. The 15th-ranked crypto asset by market cap is up to $0.000023 at time of writing, up over 3% in the past 24 hours.
Conversely, 56% of traders holding the other popular memecoin, Dogecoin (DOGE), are currently making money on their DOGE investments. Dogecoin is trading at $0.117194 at time of writing, up nearly 1.5% in the past 24 hours.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/lucky vectorstudio