Recent data on cryptocurrencies shows a widening profit gap among major assets, creating speculation about the future.
Profit Analysis by Cryptocurrency
According to Santiment, 94.5% of Bitcoin (BTC) holders are sitting on unrealized gains, with Ethereum (ETH) trailing slightly at 88.7%. Conversely, less than half of Cardano (ADA) holders are in the green, indicating deep bearish sentiment and potential undervaluation.
Current Trends and Warnings
Santiment's analysis demonstrates classic market tension. BTC, having the largest number of profitable holders, attracts investor confidence but runs the risk of sell-offs. Currently, Bitcoin has risen over 2% in the last 24 hours and nearly 3.4% over the week, reinforcing its position amid easing geopolitical tensions. However, blockchain expert Axel Adler Jr. has confirmed that about 720,000 BTC were sold over the past two months, yet rising demand from new buyers has prevented a significant crash.
Future of Cryptocurrencies: Possible Scenarios
Amid growing dissatisfaction among ADA holders, currently trading around $0.60 after a 23.6% drop in the last 30 days, experts see potential prospects for long-term investors. Meanwhile, ETH and other altcoins like XRP and DOGE show weaker performance. 88.7% of ETH holders are profitable but warn of risks related to prior positions. XRP and DOGE display signs of technical fragility. Nonetheless, Santiment highlights intriguing opportunities for assets like Chainlink (LINK) and ADA if the broader market sentiment lifts.
Thus, the current situation in the cryptocurrency market showcases different prospects for various assets. Opportunities for growth remain but require careful analysis of current trends.
