Crypto:
30253
Bitcoin:
$66.178
% 0.11
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.178
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

The Top 10 Altcoins Where Traders Are Losing Money Currently

Cryptocurrency

The cryptocurrency analytics company IntoTheBlock has highlighted, in its most recent graphic, the alternative cryptocurrency (altcoin) projects that have the largest percentage of investors who have suffered a loss.

Algorand (ALGO) is currently in the lead, with onchain data indicating that over ninety-one percent of token holders are experiencing a loss.

In second and third place, respectively, are Sandbox (SAND) and Arbitrum (ARB), with 84.58% and 83.43% of investors experiencing a loss in their respective investments.

The whole list, together with the percentage of token holders that have suffered a loss, is as follows, according to the data on the blockchain:

Algorand (ALGO) – %91
Sandbox (SAND) – %84.58
Arbitrum (ARB) – %83.43
Axie Infinity (AXS) – %79.04
Chiliz (CHZ) – %69.43
Cardano (ADA) – %60.01
Aave (AAVE) – %55.21
Lido DAO (LDO) – %55.01
Uniswap (UNI) – %52.02
Chainlink (LINK) – %48.35

Nevertheless, the cryptocurrency market as a whole is currently going through a period of major falls from the highs that it reached last time. During the course of the day, the price of Bitcoin has decreased by almost 5% and has fallen below $60,000.

 

Current Situation of Bitcoin, Ethereum and Other Cryptocurrencies

From the Ethereum perspective, the scenario appears to be somewhat more unfavorable. Over the past twenty-four hours, the value of the largest alternative cryptocurrency in the world has decreased by 6.65 percent. Despite the fact that Changpeng Zhao, the former CEO of Binance, received a sentence that was less severe than anticipated, the second largest alternative cryptocurrency, BNB, has not recovered sufficiently and is currently down 3% on the day.

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Ethereum, the second-biggest cryptocurrency token by market cap, fell 5.7 percent to $2,986 at 11:35 a.m. IST. Toncoin (-5.3%), Dogecoin (-8%), Shiba Inu (-8.4%), Avalanche (-6.9%), BNB (-5%), Solana (-7.6%), XRP (-2.1%), and other big crypto tokens all saw declines.

As traders braced for important economic data and anticipated the Federal Reserve’s interest rate decision later in the day, the value of Bitcoin fell 5.2% to $59,950 during Wednesday’s trading session.

In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, fell to $1.178 trillion. Bitcoin’s dominance is currently 53.34%, according to CoinMarketCap. BTC volume in the last 24 hours rose 43.9% to $38.05 billion.

Meeting on monetary policy, the Federal Reserve Open Market Committee will convene on Tuesday. On Wednesday, they will likely decide to maintain the Fed funds target rate between 5.25% and 5.50%.

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