MAY 5,2024
Investors in altcoins have been the main victims of the latest slump in the cryptocurrency market, according to CryptoPotato, with many of them suffering losses. On the other hand, holders of meme coins, such Dogecoin (DOGE) and Shiba Inu (SHIB), are comparatively better off as a result of prior price hikes.
In spite of a strong start to the year and the halving of Bitcoin (BTC) last month, there has been a significant pullback in the cryptocurrency market. In little than a week, the main cryptocurrency’s price dropped by 10% and fell below $60,000. Leading digital assets including Ripple (XRP), Solana (SOL), and Ethereum (ETH) are also sharply negative.
The top ten cryptocurrency projects with the highest number of holders that are now suffering paper losses were listed by market intelligence portal IntoTheBlock. Investors in Algorand (ALGO) led the
