IntoTheBlock : “These Altcoins Are More Stable Than Others!”

Although Bitcoin and altcoins made a good start to 2023, they suffered great losses in 2022.

At this point, the vast majority of investors are at a loss. However, IntoTheBlock said in its post that DeFi tokens seem to follow a different path compared to other altcoins.

In his post on his Twitter account, IntoTheBlock stated that DeFi tokens display a more advantageous picture in terms of the profit and loss situation of investors compared to other altcoins.

Noting that despite the ups and downs in the market, a significant number of DeFi token investors are still in the same position, IntoTheBlock said that Maker (MKR) stands out among DeFi tokens.

“As many altcoins suffer unprecedented losses and over 90% of their holders suffer losses, major DeFi tokens are showing some resilience.

When the profit and loss profiles of DeFi investors are examined in the last year, it is seen that most of them are in a similar situation compared to the previous year.

However, we can clearly see that certain DeFi tokens exhibit a more positive profit/loss profile than most other altcoins, while there are significant changes in profitability due to high volatility.

Among the DeFi tokens, Maker (MKR) draws attention, while MKR stands out compared to the others due to the fact that it is a token that less investors lost compared to a year ago.

Moreover, it remained the most profitable asset for its investors for most of the year.”

Looking at IntoTheBlock’s chart, Compound ranked first in the percentage of investors that lost, followed by Ox, Uniswap, and AAVE.

In the last place was Maker, which had the least number of investors who suffered losses.

While many altcoins are experiencing unprecedented losses, with over 90% of holders incurring losses, principal DeFi tokens are showing some resilience.

An examination of the profit and loss profiles of holders over the past year reveals that most are in a similar position… pic.twitter.com/miXAX5YdLX

— IntoTheBlock (@intotheblock) August 24, 2023

*Not investment advice.