Token

Algorand

Gary

Coin

<ul class="news-points">
 <li>Algorand holders face significant losses, with a staggering 89% underwater.</li>
 <li>Only 8% of investors in ALGO are currently in profit at its price of $0.1818.</li>
 <li>Gary Gensler previously praised Algorand, helping the asset reach $3.56 ATH.</li>
</ul>
As the crypto market experiences a downturn, crypto investors feel the heat, particularly those holding <a href="https://coinedition.com/algorand-algo-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Algorand (ALGO)</a>, Gary Gensler’s praised project. <a href="https://app.intotheblock.com/coin/ALGO" target="_blank" rel="noopener noreferrer nofollow">Data</a> from the analytics platform IntoTheBlock shows that 89% of ALGO holders are at a loss. These investors are “out of the money,” meaning the overwhelming majority of ALGO investors hold the asset below the price they first bought them.&nbsp;
ALGO trades at $0.1818 at press time, with a 5% gain in the last 24 hours. At this market value, only 8% of Algorand holders are profitable. In parallel, 3% are at break even, neither bearish making profit or gains.
<figure class="wp-block-image size-full"><img decoding="async" width="943" height="308" src="https://coinedition.com/wp-content/uploads/2024/05/Algo-stats.png" alt="" class="wp-image-410430" srcset="https://coinedition.com/wp-content/uploads/2024/05/Algo-stats.png 943w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-300x98.png 300w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-380x124.png 380w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-768x251.png 768w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-159x52.png 159w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-795x260.png 795w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-440x144.png 440w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-414x135.png 414w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-326x106.png 326w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-377x123.png 377w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-123x40.png 123w, https://coinedition.com/wp-content/uploads/2024/05/Algo-stats-129x42.png 129w" sizes="(max-width: 943px) 100vw, 943px">
 <figcaption class="wp-element-caption">
 Source: IntoTheBlock
 </figcaption>
</figure>
Remarkably, among the cryptocurrencies monitored by IntoTheBlock, ALGO stands out as having the highest percentage of holders in a loss position.
Furthermore, IntoTheBlock statistics indicated that at least 83% of these Algorand investors are long-term investors holding the asset for more than a year.…
The post <a href="https://coinedition.com/89-of-holders-of-gary-genslers-praised-token-in-loss-just-8-see-profits/" rel="noopener noreferrer nofollow">89% of Holders of Gary Gensler’s Praised Token in Loss, Just 8% See Profits</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

89% of Holders of Gary Gensler’s Praised Token in Loss, Just 8% See Profits

Coin Edition

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