🚀 Over 1.9 Million Cardano Addresses Sitting Pretty in Profit! 💰 #CryptoWins
Hey Binance Square fam, Ozonian here! 🌟
Cardano (ADA) has been on a tear lately, surging over 4% in the last 24 hours to hit $0.50! 📈 This rally mirrored Bitcoin's (BTC) recent climb above $71,000. ADA even reached a daily high of $0.5090 before settling at $0.5021 at press time. 🕒
**Cardano Profitability on the Rise** 📊
Despite a slight pullback, many ADA holders are celebrating! 🎉 Data from IntoTheBlock reveals that out of Cardano's total 4.46 million addresses, a whopping 1.94 million (over 55% of the circulating supply!) are currently in profit. That's a combined 19.63 billion ADA coins! 💎 This suggests these lucky investors could potentially sell and pocket some profits.
On the flip side, roughly 2.47 million addresses are holding ADA at a loss. 😕 However, there's still plenty of optimism in the air! ☀️
**Eyes on the Prize: Can ADA Reach New Heights?** 🚀
Market analysts are bullish on ADA's future, predicting potential surges to $6.66, $7.50, $7.77, or even a crazy $27 at the peak! 🎯 These targets smash Cardano's previous all-time high of $3.10 (September 2021).
Of course, there are hurdles to overcome. First up is the resistance zone between $0.5029 and $0.5843, where a significant number of addresses bought in (around 334,620 for 3.34 billion ADA). 📊 Then comes the $0.5843 – $0.7183 zone, where another 402,150 addresses hold a hefty 6.76 billion ADA. 💪
**Remember, This Ain't Financial Advice!** 🛑
The crypto market is a wild ride. 🎢 While these potential future prices are exciting, they shouldn't be taken as gospel. 📖 Do your own research before making any investment decisions. 🔍
But hey, for those 1.9 million addresses in profit right now? Enjoy the ride! 🌈🚀 #CardanoPredictions #ADA #CryptoGains #bitcoinhalving