67% of Cardano holders underwater and most bought less than 1 year ago
ADA prices are sliding back towards a dollar, putting more holders in the red as gains are eroded. As Cardano (ADA) prices fall back towards the psychological one dollar level, more and more investors are finding themselves with unrealized losses by holding on to the digital asset.Cardano’s ADA token has had a bearish week. The price has fallen 11.4% since Monday resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09 and is in danger of falling below a dollar over the next few days should the trend continue.According to....
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Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing down at the moment. Data has shown that at its current price, the majority of Cardano holders are losing money, further showing the state of the cryptocurrency’s price. Cardano (ADA) addresses in loss is now over 94%, leaving many investors wondering if it’s time to cut their losses and move on. Cardano (ADA) Addresses In Loss Rise Over 94% Cardano (ADA) is currently the 8th largest crypto by market cap, with a market cap of $8.65 billion. However, all metrics have pointed to the....
On-chain data shows the number of Cardano (ADA) long-term holders has increased by 170% during the past twelve months. Cardano & Litecoin Have Seen Most Growth In Long-Term Holders In a new post on X, the market intelligence platform IntoTheBlock has revealed data related to the long-term holders of the various assets in the sector. The “long-term holders” (LTHs) here refer to all those investors who bought their coins at least one year ago. These HODLers are generally the most committed hands in the market, as they rarely participate in any selling. This cohort doesn’t....
Cardano (ADA) had since lost its momentum and has been back on another downtrend once more. This time around, the downtrend quickly sent the cryptocurrency back towards the $1 territory. This has had some dire implications for Cardano investors. The majority of these investors have now seen their portfolios descent into the red territory causing them to be taking massive losses at the current prices. Cardano Holders In The Red Much like the majority of the market, Cardano has seen its value decline in recent days. This has been a result of the slowing market momentum which has been....
Despite the crypto market’s bloodshed, in the past few days, the Cardano (ADA) trading activity has been relentless, and its holders’ balance remains strong with a multi-year high. Into The Block data indicates that the wallet balance held by long-term Cardano holders hit a multi-year high on February 23. “Regardless of the price action, Cardano‘s holders remain strong. The balance held by HODLERS- addresses holding >1 year, is at a multi-year high. These HOLDERS increased their positions to 10.12b $ADA, the largest balance since December 11, 2019.” Despite....
A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing, the congressman bought cryptocurrency cardano (ADA), dogecoin (DOGE), and ether (ETH) during May and June. Each purchase was worth between $1,001 and $15,000. His crypto investments have decreased in value since his purchases. He bought cardano on May 10, May 11, and May 13. The price of ADA was....