**Cryptocurrency Market Correction Impacts Altcoin Investors, Meme Coin Holders Fare Better**
The recent cryptocurrency market correction has significantly impacted altcoin investors, with many experiencing substantial losses. However, meme coin investors, such as those holding Dogecoin (DOGE) and Shiba Inu (SHIB), have fared comparatively better due to earlier price surges.
Despite a promising start to the year and the much-anticipated Bitcoin (BTC) halving last month, the market has undergone a severe correction. Bitcoin's price has plummeted by 10% over a week, falling below the $60K mark. Other leading digital assets, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), have also seen significant declines.
According to market intelligence platform IntoTheBlock, ten cryptocurrency projects have the most holders currently experiencing paper losses. Topping the list is Algorand (ALGO), with 91% of investors underwater, followed by The Sandbox (SAND) and Arbitrum (ARB), each with over 80% of holders in the red. Cardano (ADA) and Uniswap (UNI) investors are also facing losses of 60% and 52%, respectively.
However, IntoTheBlock notes that these assets could present 'great opportunities' if they show strong fundamentals and increased on-chain activity.
Interestingly, meme coins are absent from this list. Only 18% of DOGE holders and nearly 40% of SHIB investors are experiencing paper losses. Many investors in Pepe (PEPE) and Floki Inu (FLOKI) remain in the green, thanks to substantial price increases in the months leading up to the current correction. This contrasts sharply with last September, when almost 90% of SHIB holders and 42% of DOGE investors were at a loss.
