Many crypto investors lost money in recent months as market prices fell. Despite everything, some manage to pull out of the game, sometimes making significant profits depending on the asset in question. Here’s what we find when comparing investing in Litecoin (LTC) to 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). In fact, only 14% of Litecoin (LTC) holders are currently making a profit. On the other hand, 51% of ether (ETH) investors make profits. Profitable holders of Litecoin (LTC) are trading the crypto at $53.
We note that 12% of LTC crypto holders manage to balance. But, 74% of investors are currently posting losses. Ethereum (ETH) profit holders 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 surprising. In fact, the Litecoin (LTC) blockchain has made a lot of losses this year, unlike Ethereum (ETH). In general Ether (ETH) remained in a bullish view thanks to several projects launched to improve Ethereum (ETH).
Additionally, there has been some excitement around Ethereum (ETH) since the announcement of the Merger. Now that the network has officially moved from Proof-of-Work (PoW) to Proof-of-Stake (PoS), it will attract more investors in the near future.
Currently, slightly more than half of the crypto investors in ETH are making a profit, which is significant. But, the situation in the ether market is not very positive. Analysts are particularly concerned about the sharp drop in ETH price after the upgrade. The network may have to deal with division within its community due to the Merger.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass my pen knowledge related to this ecosystem.