New Report Suggests only a Quarter of Crypto Investors made Large Losses Last Month
A recent report from cryptocurrency research firm OK Blockchain Capital indicates that as little as 25 percent of crypto investors lost significant capital in September this year. Despite the overall cryptocurrency market continuing a downward trajectory throughout most of September, it appears some traders are still breaking even, with a small percentage even reporting profits.
The research also included a questionnaire, the results of which indicate very bullish sentiment amongst investors with almost 70 percent expecting prices to increase in the near future. Statistics reveal that Bitcoin (BTC), Ethereum (ETH) and EOS are the most popular cryptocurrencies amongst traders and investors, making up almost 43 percent of all holdings.
Further data that was analyzed by the firm include the various types of platforms invested in. Almost 38 percent of all capital was put into gaming platforms, with social media and finance platforms taking approximately 20 percent each.
Despite an ongoing bear market, sentiment regarding cryptocurrency markets has gradually improved over the past few months. After a string of failed breakouts during the first half of 2018, investor confidence took a hard knock and market activity began to wane. Now, however, with year-end approaching and new developments surfacing – including Ripple’s xRapid product and the Intercontinental Exchange’s (ICE) Bakkt platform – fresh positivity appears to have infected the crypto community.
Bitcoin (BTC) continues to trade in the $6,400 range with some of the lowest volatility in years, along with the majority of the top 10 coins. Ripple (XRP) has enjoyed the strongest gains this week, up 2.5 percent, while main-competitor Stellar (XLM) has suffered the worst week, down almost 5 percent.