Many crypto investors have lost money in recent months as market prices crashed. Despite everything, some manage to pull out of the game, sometimes realizing significant profits depending on the asset concerned. Here is what we discover when comparing investing in Litecoin (LTC) and investing in Ethereum (ETH).
Ethereum (ETH): volatile, but profitable!
It appears that there are many more profit holders with Ethereum (ETH) than with Litecoin (LTC). Indeed, there are just 14% of Litecoin (LTC) holders who are currently making profits. On the other hand, 51% of ether (ETH) investors make profits. Profitable Litecoin (LTC) holders are trading the crypto at $53.
We note that 12% of LTC crypto holders manage to break even. But, 74% of investors are currently posting losses. Ethereum (ETH) holders in profit are trading the asset around $1,320. We note that 46% of investors in ether (ETH) are at a loss.
The difference observed between the two cryptos is not not surprising. Indeed, the Litecoin (LTC) blockchain has made a lot of losses this year, unlike Ethereum (ETH). Ether (ETH) has generally remained in a bullish outlook thanks to several projects launched to improve Ethereum (ETH).
In addition, there has been some excitement around Ethereum (ETH) since the announcement of the Merge. Now that the network has officially transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS), it will attract more investors for a long time to come.
Currently, just over half of crypto investors in ETH are making profits, which is considerable. But, the situation in the ether market is not very positive. Analysts are particularly concerned about the sharp drop in the price of ETH after the upgrade. It could also be that the network has to deal with a division within its community because of the Merge.
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