Some Of The Major Crypto Addresses Are Facing Huge Losses

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • The Block or the ITB recently analyzed the top cryptocurrency addresses by market capitalization and their profits and the loss ratio. 
  • ITB is an intelligence company that analyses the data of the Cryptos by using Machine Learning and Statistical modeling.
  • Analysts have tried to analyze the situation, and later on, did try to identify the profitable and unprofitable addresses.

With the increment in the usage of the cryptocurrencies, it becomes essential for someone to analyze the digital currency for both profits and losses. One such analytic company, Into The Block or the ITB, recently analyzed the top cryptocurrency addresses by market capitalization and their profits and the loss ratio. 

It found that the ratio of the average price at the time of purchase of the coin to the current market prices have changed a lot. Analysts have tried to analyze the situation, and later on, did try to identify the profitable and unprofitable addresses.

The profitable ones are those addresses in which the current value of the Digital assets is higher than the average market price at which the coins sent to the address, and vice versa is valid for unprofitable addresses. 

ITB is an intelligence company that analyses the data of the Cryptos by using Machine Learning and Statistical modeling to provide actionable intelligence for deciding on the crypto assets. The firm believes that it allows for a holistic analysis of the digital currency by hundreds of on-chain and off-chain factors. 

According to the demographics mentioned above, it is quite clear that a total of 73% of bitcoin addresses, those inclusive of Bitcoins Cash and Bitcoin Sv, were considered profitable. The BCH gained 89% profit while the BitCoin SV stands out with a 99% growth.

Of the Altcoins, the Huobi Token has been one of the most profitable Altcoins of 2019. The coin located in the green zone, i.e., 60% of the addresses bought are below the present prices. Also, of the total Chainlink addresses, 69% of the lectures are profitable. 

Of all the assets, Ethereum saw huge losses and termed as the most significant “loser,” with a total of 73% of the addresses being unprofitable. Also, ETH has been seeing a downtrend and is still 87% lower than its historical maximum.

This value is the same as the prices which were in mid-2017. Talking of the lighting, 62% of the addresses, along with 60% of the Cardano, also are under losses as a whole. 

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