More than half of the BTC holders will make a profit if they sell the coin at the current price. But this is not a good result. Which cryptocurrencies turned out to be better for investments, and what brought only losses to users
Bitcoin
At the beginning of the year, BTC cost a little more than $ 7,200. Since that moment, the cryptocurrency rate has grown by 25%, to the current mark of $ 9000. During this period, the price rose twice to $ 10,400 and fell to $ 3,800.
According to the data of the analytical service Intotheblock , at the moment 11% of the current issue of bitcoin is in the hands of large investors. These include users who hold at least 0.1% of the BTC in circulation. This is about 18.4 thousand coins.
At the moment, 69% of users storing Bitcoin in a cold wallet are in positive territory. This means that they will make a profit if they sell the coin stocks at the current price. At the same level, 4% of the holders bought the asset, 27% suffered losses.
Ethereum
In 2020, Ethereum started trading at $ 130. In February, his rate set a local maximum just above $ 280. Then the price of the coin began to decline, fell to $ 86, and now it has fixed at the level of $ 220.
Currently, 46% of altcoin holders will make a profit if they sell it at their current value. 50% of investors in this case will record a loss. The remaining 4% of users bought Ethereum at current values.
The correlation index showing the dependence of the coin on bitcoin is 73%. This means that in 73% of cases, the Ethereum rate repeated the price movements of the first cryptocurrency. Approximately 40% of the current altcoin issue is now stored in the wallets of large holders. These include investors who have acquired at least 0.1% of the ETH in circulation.
Outsiders
Litecoin on January 1 was worth $ 41. To the current moment, the rate of the coin has not changed, now it is at the same level. Since the beginning of the year, the price of altcoin has grown to $ 80 and dropped to $ 24.
Litecoin holders have one of the worst positions among the leading cryptocurrencies by capitalization. Only 20% of investors bought a coin cheaper than the current level. 3% of users are in the “neutral zone”, and 77% will lose if they sell the asset’s inventory at the current price. The concentration of LTC in the hands of the “whales” is 48%. The correlation with bitcoin is 81%.
Even worse is the situation with investors of the OmiseGO token (OMG), it occupies the 40th position in the rating of cryptocurrencies by capitalization. Only 3% of altcoin holders are now in positive territory. All remaining users will receive a loss if they sell the coin at the current price of $ 1.38. 66% of OMG is in the hands of large investors, the correlation index with BTC is 82%.
The leaders
One of the best coins for investing turned out to be Chainlink (Link), which occupies 13th place in the ranking of cryptocurrencies by capitalization. The asset began this year with a price of $ 1.8. In February, a historic high of $ 4.96 was set. In March, the rate fell to $ 1.7, but on June 24 it again approached record levels.
With a current value of $ 4.4, 88% of Link token investors can take profits. 7% of users bought a coin near current values. The number of holders who will receive a loss if they now sell cryptocurrency stocks is about 5%.
At the same time, the majority of Link emissions are in the hands of large investors, the concentration indicator has reached 80%. The correlation index with Bitcoin, in contrast, is low - 24%.
The CRYPTO.COM Coin token, which takes 10th place in the top of cryptocurrencies, also showed a good result. Since the beginning of the year, the coin has risen in price by 250%. During this period, its price fell to $ 0.030, grew to $ 0.125, now it is $ 0.115.
At this cost, 97% of Crypto.com Coin holders are in the black. The remaining 3% bought a coin more expensive than current values. However, it has a high concentration, large investors have 98% of the token reserves. The correlation index with bitcoin is -37%. This means that in most cases, the quotes of these cryptocurrencies moved in the opposite direction.
