Cryptocurrency Market Downturn Leaves Investors with Losses

One sentence summary – The cryptocurrency market has experienced a downturn, resulting in significant losses for many investors, including those holding Cardano, Polygon, and Avalanche, among others, with their current trading prices significantly lower than their all-time highs.

At a glance

  • The cryptocurrency market has recently experienced a significant downturn, resulting in substantial losses for many investors.
  • Prominent cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Avalanche (AVAX) have been particularly hard hit.
  • Other affected cryptocurrencies include Arbitrum (ARB), Axie Infinity (AXS), Chiliz (CHZ), ApeCoin (APE), The Sandbox (SAND), and Algorand (ALGO).
  • Around 94% of Cardano (ADA) holders are currently experiencing losses, with only 5% profitable and 1% breaking even.
  • Polygon (MATIC) holders are also facing losses, with approximately 95% at a loss, 4% profitable, and 1% breaking even.

The details

The cryptocurrency market has recently experienced a significant downturn, leaving a majority of investors with substantial losses.

Several prominent cryptocurrencies, including Cardano (ADA), Polygon (MATIC), and Avalanche (AVAX), have been particularly hard hit.

Other affected cryptocurrencies include Arbitrum (ARB), Axie Infinity (AXS), Chiliz (CHZ), ApeCoin (APE), The Sandbox (SAND), and Algorand (ALGO).

This article will present key data and statistics on these cryptocurrencies, highlighting the extent of losses incurred by investors.

Cardano (ADA)

Approximately 94% of Cardano (ADA) holders are currently experiencing losses.

Only 5% of Cardano holders are profitable at this time, while 1% are breaking even.

Cardano’s current trading price is $0.25.

This is a decrease of 91.73% from its all-time high of $3.09.

Polygon (MATIC)

Around 95% of Polygon (MATIC) holders are currently at a loss.

Only 4% of Polygon holders are profitable, while 1% are breaking even.

Polygon is currently valued at $0.54.

This is a decrease of 81.48% from its all-time high of $2.92.

Avalanche (AVAX)

Almost all Avalanche (AVAX) holders are currently experiencing losses, with 99% underwater.

Only 1% of Avalanche holders are breaking even.

Avalanche is currently trading at $9.92.

This is a decrease of 93.16% from its all-time high of $144.96.

Several other cryptocurrencies have also seen a significant number of investors in the red.

These include Arbitrum (ARB), Axie Infinity (AXS), Chiliz (CHZ), ApeCoin (APE), The Sandbox (SAND), and Algorand (ALGO).

100% of Arbitrum, Axie Infinity, ApeCoin, and Algorand holders are currently underwater.

Arbitrum’s current trading price is $0.88.

This is a decrease of 89.80% from its all-time high of $8.67.

Axie Infinity is currently valued at $4.49.

This is a decrease of 97.27% from its all-time high of $164.90.

ApeCoin is currently trading at $1.39.

This is a decrease of 94.79% from its all-time high of $26.70.

Algorand’s current worth is $0.0917.

This is a decrease of 97.42% from its all-time high of $3.56.

Approximately 95% of Chiliz holders are currently experiencing losses.

Only 3% of Chiliz holders are profitable, while 2% are at even money.

Chiliz is currently trading at $0.0599.

This is a decrease of 93.19% from its all-time high of $0.878.

Around 98% of The Sandbox holders are currently in the red.

Only 2% of The Sandbox holders are profitable.

The Sandbox is currently valued at $0.30.

This is a decrease of 96.37% from its all-time high of $8.40.

The downturn in the cryptocurrency market has resulted in a significant number of investors facing substantial losses.

Cardano, Polygon, and Avalanche have seen a high percentage of holders experiencing negative returns.

Other cryptocurrencies such as Arbitrum, Axie Infinity, Chiliz, ApeCoin, The Sandbox, and Algorand have also seen a considerable number of investors in the red.

The current trading prices of these cryptocurrencies are significantly lower than their all-time highs.

This indicates the extent of the market dip.

As the market continues to evolve, investors and enthusiasts are closely monitoring the potential for recovery.

They are also seeking opportunities amidst the challenging conditions.

Article X-ray

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This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

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– 94% of Cardano (ADA) holders are experiencing losses, while 5% are profitable and 1% are breaking even.
– Cardano’s current trading price is $0.25, down 91.73% from its all-time high of $3.09.
– 95% of Polygon (MATIC) holders are at a loss, 4% are profitable, and 1% are breaking even.
– Polygon is currently valued at $0.54, down 81.48% from its all-time high of $2.92.
– Almost all Avalanche (AVAX) holders are experiencing losses, with 99% underwater and 1% breaking even.
– Avalanche is trading at $9.92, down 93.16% from its all-time high of $144.96.
– Other cryptocurrencies with a significant number of investors in the red include Arbitrum (ARB), Axie Infinity (AXS), Chiliz (CHZ), ApeCoin (APE), The Sandbox (SAND), and Algorand (ALGO).
– 100% of Arbitrum, Axie Infinity, ApeCoin, and Algorand holders are underwater.
– Arbitrum’s current trading price is $0.88, down 89.80% from its all-time high of $8.67.
– Axie Infinity is valued at $4.49, down 97.27% from its all-time high of $164.90.
– ApeCoin is trading at $1.39, down 94.79% from its all-time high of $26.70.
Algorand is currently worth $0.0917, down 97.42% from its all-time high of $3.56.
– 95% of Chiliz holders are experiencing losses, while 3% are profitable and 2% are at even money.
– Chiliz is trading at $0.0599, down 93.19% from its all-time high of $0.878.
– 98% of The Sandbox holders are in the red, while 2% are profitable.
The Sandbox is currently valued at $0.30, down 96.37% from its all-time high of $8.40.

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