The most unprofitable cryptocurrencies (ADA, MATIC, AVAX)

11 Sept 2023

According to IntoTheBlock, over 90% of Cardano, Polygon and Avalanche cryptocurrency holders are in a losing position.

Cardano (ADA)

IntoTheBlock data shows that 95% of Cardano (ADA) investors have remained in a loss. At the same time, 4% of holders find themselves in a break-even position, and early Cardano holders stopped receiving income at all (0%).

The majority of ADA holders, over 60%, are long-term holders who have owned Cardano cryptocurrency for a year or more.

Polygon (MATIC)

96% of Polygon (MATIC) holders are in minus. 0% of Polygon investors have a breakeven position. Only 4% of early MATIC holders are making a profit on their investment in the asset.

59% of holders have kept their crypto assets for more than a year. According to IntoTheBlock, 85% of Polygon's traded shares are in the hands of large holders, and none of the investors are getting returns from investing in MATIC.

Avalanche (AVAX)

Avalanche (AVAX) ranks 19th in market capitalization, according to CoinMarketCap, and 15th among tracked projects on the IntoTheBlock dashboard.

As in the case of Cardano, AVAX investors do not profit from the asset (0%), and 100% suffer losses at all. However, unlike ADA and MATIC, long-term AVAX holders account for only 32%.

* * *

Analysis of IntoTheBlock data shows that the situation with the falling yields of ADA, MATIC and AVAX, which are among the top 20 cryptocurrencies by market capitalization, is only a special case of the general decline in the value of cryptoassets and the ongoing market crisis.

Also suffering losses are investors who have invested in cryptocurrencies such as:

  • Arbitrum (ARB) — making profits 0%, breaking even 0%, losing money 100%
  • Axie Infinity (AXS) — making profits 0%, breaking even 0%, losing money 100%
  • Chiliz (CHZ) — making profits 5%, breaking even 0%, losing money 95%
  • ApeCoin (APE) — making profits 0%, breaking even 0%, losing money 100%
  • Sandbox (SAND) — making profits 0%, breaking even 1%, losing money 99%
  • Algorand (ALGO) — making profits 0%, breaking even 0%, losing money 100%
  • and many others

Most likely, investors should not expect significant growth in cryptocurrency capitalization in the coming years due to reduced liquidity in the markets.

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All these crypto can be earned from, it just depends when you bought it
Now, that was an interesting read. Somewhat depressing, too.
Ada was seriously profitable in the last bullrun
It's intriguing to see cryptocurrencies like ADA, MATIC, and AVAX considered unprofitable in this ever-changing market. While their recent performance may not have been stellar, it's essential to remember that the crypto space is highly dynamic. Market conditions can shift rapidly, and what's considered unprofitable today might become a lucrative investment tomorrow. Seasoned investors often view such periods as opportunities to accumulate assets at more favorable prices, believing in their long-term potential. It's a reminder that in the crypto world, patience and a strategic outlook can often lead to rewarding outcomes.
Some serious analysis from intotheblock
Interesting to see MATIC take such a hard knock. Was always pretty bullish on them, particularly with companies like reddit jumping in and using it for promotional stuff. Is it destined to go the way of ALGO, or will we see a bounce back next bull run.
Very interesting article, thanks. I remain very bullish on matic...