Majority of Current-Holders of Cardano (ADA) Are At a Floating Loss Status

03/06/2023 11:59 • Tech Ticker • 98 views

On March 6, according to the data of IntoTheBlock, about 3.53 million Cardano (ADA) current-holding addresses are in floating loss status, accounting for about 80% of the total number of current-holding addresses; The number of profitable addresses is only 682920, less than 16% of the total number of coin holding addresses; The remaining 173770 coin holding addresses are at the cost level, accounting for about 4% of the total number of coin holding addresses.

Data: About 80% of ADA coin holding addresses are in floating loss state

Interpret the above information:

The data provided by IntoTheBlock on March 6 displays that many current-holders of Cardano (ADA) are in a state of concern. Around 80% of the total number of current-holding addresses i.e., 3.53 million addresses, are in a floating loss status. This signifies that the current market value of their ADA assets is less than the price at which they initially purchased it. Therefore, the majority of the investors are at a state of loss in terms of their investment.

On the other hand, there are only 682920 profitable addresses that hold ADA. This indicates a mere 16% of the total coin holding addresses have been able to benefit out of their investment. This could be because these investors have either purchased the coin at a lower price or have sold it at a higher price. Nevertheless, the remaining 173770 coin holding addresses are at the cost level, which constitutes only 4% of the total number of coin holding addresses.

It is important to note that the recent dip in the crypto market has affected all the altcoins, including Cardano (ADA). Although ADA shows promise in the long term from a technical point of view, the current trend is more focused on volatile selling pressure due to general stock and crypto market conditions, causing the depreciation of value. As a result, most ADA investors are currently going through a challenging time and can be seen as being at the risk of a “loss trap.”

The current status of Cardano (ADA) raises several questions about investors’ faith in altcoins like ADA in times of market volatility. Even though they show potential for good returns in the long run, they seem to be subject to downside risks, such as a significant share of investors suffering from a floating loss status.

In conclusion, based on the data provided by IntoTheBlock, the majority of the Cardano (ADA) investors are currently suffering from a floating loss status, with only 16% able to benefit. It is alarming, and investors are encouraged to be more cautious in their investments amid volatility in the market.

Keyword: volatility, potential, investors, investment.

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Majority of Current-Holders of Cardano (ADA) Are At a Floating Loss Status

Data: About 80% of ADA coin holding addresses are in floating loss state

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