🔥🔥🔥 Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
Cardano Holders Face Losses Despite Crypto Market Recovery
Cardano Profitability at a Low 15%
- Despite the recent cryptocurrency market recovery, many Cardano (ADA) holders continue to face losses. IntoTheBlock data shows Cardano is the worst performer in profitability among the top 10 largest cryptocurrencies, disappointing holders & long-term believers.
- Since the 2022 market crash, Cardano’s profitability has remained low. Despite market recovery, most investors are still underwater, with ADA struggling to overcome resistance levels at $0.60 and $0.70.
Majority of Cardano Holders Are Underwater
- According to IntoTheBlock data, only 25% of Cardano holders are in profit, 66% are experiencing losses, and 9% are at breakeven. Out of 4.5 million holders, this equates to 1.11 million in profit, 2.96 million in losses, and 397,740 at breakeven. If ADA's price drops below $0.35, 138,000 more addresses will incur losses; if it rises above $0.47, 85,590 addresses will return to profit.
Comparative Profitability Among Top Cryptocurrencies
To highlight Cardano’s lagging performance, we compared its profitability with other major cryptocurrencies:
- #bitcoin☀️ : 89% of holders in profit, 7% in losses, 5% at breakeven.
- #Ethereum : 82% of holders in profit, 12% in losses, 5% at breakeven.
- #Dogecoin : 75% of holders in profit, 23% in losses, 3% at breakeven.
Cardano's underperformance is clear, and if ADA’s price continues to struggle, the profitability gap will likely widen, pushing more investors into losses.
Current $ADA Price Trends
- As of the time of writing, ADA is trading at $0.43, with a 4.4% decline over the past day. However, the weekly chart shows a 5.29% gain, reflecting a slight recovery from last week.
Conclusion
Cardano’s profitability issues persist despite market recovery. Unless ADA overcomes key resistance levels & improves its price performance, most Cardano investors may continue to face losses.
Source - newsbtc.com
