Altcoin Investors Disappointed Despite Praise from SEC Chairman Gary Gensler
The recent decline in altcoins, led by Bitcoin, has resulted in significant losses for many investors. However, some altcoins have experienced a particularly disappointing decline. Intotheblock has identified which altcoin investors have suffered the most.
At the top of the list is Algorand (ALGO), a project that was once praised by SEC Chairman Gary Gensler. A staggering 91% of ALGO investors are currently at a loss, with only 2% breaking even and a mere 7% making a profit.
Following closely behind is The Sandbox (SAND), a popular metaverse project, with 84.5% of SAND investors experiencing losses.
In third place is Arbitrum (ARB), an altcoin project that has yet to see a bull market. Approximately 83.4% of ARB investors are at a loss.
Axie Infinity (AXS), Chiliz (CHZ), Cardano (ADA), Aave (AAVE), Lido DAO (LDO), Uniswap (UNI), and Chainlink (LINK) also made the list, with their investors suffering significant losses.
Despite these losses, it is important to note that these assets still have potential opportunities as long as they demonstrate strong fundamentals and signs of on-chain activity and growth.
Please note that this article does not provide investment advice.
