The crypto market faces significant challenges, with many altcoins continuing to show losses. But is there hope for recovery?
Ongoing Altcoin Holders Losses
Research has shown that 96% of TON holders are underwater, while 97% of Aerodrome Finance (AERO) investors are experiencing losses and 98% of Optimism (OP) holders are in red. The overall crypto market capitalization is $2.5 trillion. Moreover, altcoins like MATIC and Worldcoin (WLD) have also suffered, with only 1% of their holders seeing profit.
On-Chain Activity and Altcoin Fundamentals
Despite massive losses, some altcoins show solid fundamentals. Aerodrome Finance has seen active addresses drop by half, yet transaction volumes remain steady. Optimism reveals similar traits, indicating ongoing network activity despite a lower level.
Macroeconomic Factors and Potential Recovery Paths
The market is influenced by macro factors such as trade wars and recession fears. Despite some positive signs, like the executive order for a Bitcoin reserve, the market remains pressured. The anticipated altcoin recovery may depend on resolving these external factors.
While current data offers little optimism, some indicators suggest potential altcoin recovery. How sustainable it will be remains to be seen.
