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Top 10 Altcoins That Lose the Most Money to Their Investors.
Algorand (ALGO) is currently leading the pack, with onchain data showing over ninety-one percent of token holders experiencing losses.
Sandbox (SAND) and Arbitrum (ARB) are in second and third place, respectively, and 84.58% and 83.43% of investors experience losses in their respective investments.
According to the data on the blockchain, the full list with the percentage of token holders who lost money is as follows:
Algorand (ALGO) – 91%
Sandbox (SAND) – 84.58%
Arbitrum (ARB) – 83.43%
Axie Infinity (AXS) – 79.04%
Chiliz (CHZ) – 69.43%
Cardano (ADA) – 60.01%
Lido DAO (LDO) – 55.01%
Uniswap (UNI) – 52.02%
However, the cryptocurrency market as a whole is currently going through a period of major decline from its recent highs. During the day, the Bitcoin price fell by almost 5%, falling below $60,000.
Current Status of Bitcoin, Ethereum and Other Cryptocurrencies
From Ethereum's perspective, the scenario looks a little more negative. Over the last twenty-four hours, the value of the world's largest alternative cryptocurrency has decreased by 6.65 percent. Despite Binance's former CEO Changpeng Zhao receiving a less severe penalty than expected, BNB, the second-largest alternative cryptocurrency, has failed to recover sufficiently and is currently down 3% on the day.
Ethereum, the second largest cryptocurrency token by market value, fell 5.7 percent to $2,986 at 11:35am ET. Toncoin (-5.3%), Dogecoin (-8%), Shiba Inu (-8.4%), Avalanche (-6.9%), BNB (-5%), Solana (-7.6%) , XRP (-2.1%) and other major crypto tokens all saw declines.
Bitcoin's value fell 5.2% to $59,950 in Wednesday's trading session as traders prepared for key economic data and awaited the Federal Reserve's interest rate decision later in the day.
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