Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?

Quick Summary:

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.

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.

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.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomNorth Korea

Topics: ADA ADAUSDT Cardano news Cardano price Cardano Adausd ADA news ADA price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 03:30:14 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21691232

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