Following Market Correction - MATIC, ETH, & BAT Are Still Profitable At 80%.

Following Market Correction - MATIC, ETH, & BAT Are Still Profitable At 80%.

2022-01-12 | Daniel Smith

Following Market Correction - MATIC, ETH, & BAT Are Still Profitable At 80%.

Despite the fact that the bulk of the market is currently in a 20% correction, several cryptocurrencies remain to have much greater success rates than the average. Although Ethereum's market cap dwarfs which of other currencies, it can nonetheless contend with smaller rivals.

BAT & Matic

As per IntoTheBlock's In/Out Money Gauge, Polygon's Matic token as well as Basic Attention Token has one of the best success rates on the market. BAT continues to dominate the list as one of the most lucrative tokens as well as coins with a market valuation of moreover $1 billion.

ETH

ETH/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM

As per market statistics, the token has an 86 percent profit ratio, which implies that 86 percent of market standing has been established underneath the present price. Just 12% of all BAT holders are losing money on their investments.
Matic, the market's second-biggest lucrative coin, has also retraced over 22 percent from its all-time high and is presently trading at $2.2, up 13 percent in the previous six days.

The market behavior of Ethereum

In terms of the second-biggest crypto on the market, Ethereum, which is presently displaying a 73 percent profitability rate, is lagging behind Matic and BAT. In the previous several days, Ether has struggled to achieve comparable success as Polygon's token, barely gaining 1%.

Matic, as well as Basic Attention Token, are dealing with 7.7 percent as well as 1% profit, correspondingly, whilst Ethereum is trading just under the 1% profit mark. Following the conclusion of December 2021, all three assets have seen a significant correction as well as have fallen around 20% of their value, reducing their efficiency from over 100% to 80% on aggregate.

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