The crypto market is experiencing serious challenges, with most holders of tokens like Toncoin, Aerodrome Finance, and Optimism facing significant losses. However, some data suggests these assets may be undervalued.
The Painful Reality for Altcoin Holders
IntoTheBlock data shows that approximately 96% of Toncoin holders and 97% of Aerodrome Finance investors are at a loss. A similar situation prevails for Optimism, where 98% of users also face financial losses. More popular tokens like Polygon and Worldcoin have not avoided the trend, with only 1% of their holders seeing profits. Axie Infinity faces the worst, with 100% of its token holders recording losses.
Market Woes
These market difficulties have significantly impacted token prices. Over the past week, TON has dropped by 9.2%, and AERO by 16.8%. Priced at $0.2188 at the time of writing, MATIC has barely moved, showing only a 0.6% gain. Year-on-year, all tokens on the list are in the red. Market conditions remain challenging despite positive factors like a strategic BTC reserve and new ETF filings, due to macroeconomic factors such as a trade war initiated by Donald Trump and recession fears.
Prospects and Opportunities
Despite losses, some tokens maintain strong usage metrics. For instance, Toncoin, although seeing a dip in active addresses, is above last year’s levels at its rally start. AERO also shows steady transaction volume despite fewer active addresses. In Optimism, despite the lowest user rate since 2023, transaction numbers are high. This data highlights ongoing interest and engagement.
Analysis suggests that despite current challenges, some altcoins show potential for recovery thanks to stable usage metrics and network engagement, indicating possible undervaluation.
