The cryptocurrency market continues to experience significant losses among short and medium-term holders, despite a recent rebound earlier this week. Wallets active in the past 30 days have reported negative returns, with Cardano (ADA) showing a decline of 19.2%, indicating extreme undervaluation. Chainlink (LINK) follows with a 13.0% drop, categorized as strong undervalue.
Ethereum (ETH) and Bitcoin (BTC) have both seen mild undervaluation, with losses of 6.3% and 6.1% respectively. Meanwhile, XRP has experienced a very slight undervaluation, with a decrease of 4.7%. These figures highlight ongoing challenges in the crypto market, affecting investor sentiment and market dynamics.
Crypto Market Faces Losses Despite Recent Rebound
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