Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
2024年7月20日 - 12:30PM
NEWSBTC
Despite the crypto market recovery, a large number of Cardano
holders are still nursing losses, leading to speculations as to why
this is the case. Data from IntoTheBlock shows that the altcoin is
the worst performer in terms of profitability when it comes to the
top 10 largest cryptocurrency by market cap, disappointing holders
and long-term believers. Cardano Profitability Sits At Only 15% The
Cardano profitability has remained low since the market crash of
2022 and even with the market recovery, the majority of investors
are still underwater on their investments. This comes as the ADA
price has failed to follow the market trend, beaten down at major
resistances such as $0.6. and $0.7. Related Reading: Why Did The
German Government Sell Off 50,000 Bitcoin In 2 Weeks Currently,
IntoTheBlock data shows that only 25% of all Cardano owners are
seeing any profit. On the flip side, the vast majority of 66% are
currently out of the money, meaning they are in losses. The
remaining 9% are sitting at neutral, meaning they are currently at
breakeven as the current price is the same as the price the coins
were last moved at. With around 4.5 million Cardano holders, this
means that only 1.11 million holders are seeing any kind of profit
on their holdings. 2.96 million addresses are currently sitting at
losses and 397,740 addresses are those sitting at breakeven. From
here, if the price were to fall below $0.35 again, another 138,000
addresses will be plunged into losses, further widening the
profitability gap. However, if the ADA price successfully moves
above $0.47, it will send a fritter 85,590 addresses back into
profit. Comparing The Profitability Of Top Cryptocurrencies To show
how far behind Cardano is in terms of profitability, we put it up
against other top cryptocurrencies for comparison. The largest
cryptocurrency in the space, Bitcoin, is currently seeing 89% of
all holders in profit with only 7% seeing losses and 5% at
breakeven. Ethereum, the second-largest cryptocurrency, is seeing
82% of its holders in profit, 12% in losses, and 5% at breakeven.
For Dogecoin, the number is also high, with 75% of all wallets in
profit, 23% seeing losses, and 3% at breakeven. Related Reading:
Prophet Brandon Briggs Predicts XRP Price Explosion To $10,000 This
comparison shows just how badly Cardano is performing compared to
its fellow large-cap cryptocurrencies. If the ADA price continues
to struggle, the profitability gap could continue to widen from
this point, plunging even more Cardano investors into the red. At
the time of writing, the ADA price is trending at $0.42, with a
4.4% decline in the last day. However, on the weekly chart, it is
holding 5.29% gains after a recovery last week. Featured image
created with Dall.E, chart from Tradingview.com
Cardano (COIN:ADAUSD)
過去 株価チャート
から 7 2024 まで 8 2024
Cardano (COIN:ADAUSD)
過去 株価チャート
から 8 2023 まで 8 2024