{"id":30963,"date":"2023-10-13T21:53:09","date_gmt":"2023-10-14T01:53:09","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30963"},"modified":"2023-10-13T21:53:09","modified_gmt":"2023-10-14T01:53:09","slug":"cardano-ada-addresses-in-loss-rise-over-94-is-it-time-to-jump-ship","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/13\/cardano-ada-addresses-in-loss-rise-over-94-is-it-time-to-jump-ship\/","title":{"rendered":"Cardano (ADA) Addresses In Loss Rise Over 94%, Is It Time To Jump Ship?"},"content":{"rendered":"

Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing<\/a> 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\u2019s price.\u00a0<\/p>\n

Cardano (ADA) addresses in loss is now over 94%, leaving many investors wondering if it\u2019s time to cut their losses and move on.\u00a0<\/p>\n

Cardano (ADA) Addresses In Loss Rise Over 94%<\/h2>\n

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 cryptocurrency losing stream and struggling to receive inflow from investors.\u00a0<\/p>\n

For instance, ADA is down by 7.% in a 7-day time frame. Its trading volume has also fallen by 12.67% in the past 24 hours, showing a lack of interest in either buying or selling the cryptocurrency.<\/p>\n

Data from IntoTheBlock\u2019s In\/Out of the Money metric has shown the number of Cardano addresses in red is now at 94.15%. The metric, which shows the number of addresses making profits and losses at a cryptocurrency\u2019s current price, shows that the number of Cardano addresses in loss is now over 4.19 million.\u00a0<\/p>\n

Many ADA investors bought in near the peak hype during its all-time high. Of the 4.19 million addresses in loss, 691,480 addresses bought between $1.59 to $2.97, and 608,590 addresses bought between $1.17 to $1.59. On the other hand, only 174,840 Cardano addresses representing 3.92% of the total addresses, are currently at a profit.<\/p>\n\n

Whale transactions have also been quiet on Cardano\u2019s blockchain in the past 24 hours. Another IntoTheBlock metric shows the number of transactions with a value of $100,000 or greater has been in a freefall since May.\u00a0<\/p>\n

Source: IntoTheBlock<\/p>\n

Is It Time To Jump Ship?<\/h2>\n

The low profitability of ADA holders is probably surprising<\/a>, given the Cardano blockchain\u2019s popularity. According to recent data released by blockchain analytics firm Santiment, the Cardano network is still the most popular among developers<\/a>.\u00a0<\/p>\n

Cardano developers have also been actively building and introducing exciting innovations to the blockchain and ecosystem. One example of these developments is the updates to its Lace wallet<\/a>.<\/p>\n

Cardano\u2019s founder, Charles Hoskinson, recently dismissed rumors of issues<\/a> within the blockchain. And as long as developers remain dedicated to improving the network, Cardano will continue to progress as one of the biggest cryptocurrencies.\u00a0<\/p>\n

For long-term believers in ADA, the current low price could actually be an opportunity to stock up in anticipation for the next crypto bull market.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing<\/a> 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\u2019s price.\u00a0<\/p>\n

Cardano (ADA) addresses in loss is now over 94%, leaving many investors wondering if it\u2019s time to cut their losses and move on.\u00a0<\/p>\n

Cardano (ADA) Addresses In Loss Rise Over 94%<\/h2>\n

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 cryptocurrency losing stream and struggling to receive inflow from investors.\u00a0<\/p>\n

For instance, ADA is down by 7.% in a 7-day time frame. Its trading volume has also fallen by 12.67% in the past 24 hours, showing a lack of interest in either buying or selling the cryptocurrency.<\/p>\n

Data from IntoTheBlock\u2019s In\/Out of the Money metric has shown the number of Cardano addresses in red is now at 94.15%. The metric, which shows the number of addresses making profits and losses at a cryptocurrency\u2019s current price, shows that the number of Cardano addresses in loss is now over 4.19 million.\u00a0<\/p>\n

Many ADA investors bought in near the peak hype during its all-time high. Of the 4.19 million addresses in loss, 691,480 addresses bought between $1.59 to $2.97, and 608,590 addresses bought between $1.17 to $1.59. On the other hand, only 174,840 Cardano addresses representing 3.92% of the total addresses, are currently at a profit.<\/p>\n

Whale transactions have also been quiet on Cardano\u2019s blockchain in the past 24 hours. Another IntoTheBlock metric shows the number of transactions with a value of $100,000 or greater has been in a freefall since May.\u00a0<\/p>\n

Source: IntoTheBlock<\/p>\n

Is It Time To Jump Ship?<\/h2>\n

The low profitability of ADA holders is probably surprising<\/a>, given the Cardano blockchain\u2019s popularity. According to recent data released by blockchain analytics firm Santiment, the Cardano network is still the most popular among developers<\/a>.\u00a0<\/p>\n

Cardano developers have also been actively building and introducing exciting innovations to the blockchain and ecosystem. One example of these developments is the updates to its Lace wallet<\/a>.<\/p>\n

Cardano\u2019s founder, Charles Hoskinson, recently dismissed rumors of issues<\/a> within the blockchain. And as long as developers remain dedicated to improving the network, Cardano will continue to progress as one of the biggest cryptocurrencies.\u00a0<\/p>\n

For long-term believers in ADA, the current low price could actually be an opportunity to stock up in anticipation for the next crypto bull market.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-30963","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=30963"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30963\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30963"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}