Cardano

<p>Cardano has been experiencing turmoil and a rollercoaster-like evolution since the beginning of the year, which led some observers to believe that the project still held promise. Is that still the case?</p><div class="thumbnail post-cover-image"><img src="https://www.cointribune.com/app/uploads/2023/05/cardano-crypto-1024x683.png" srcset="https://www.cointribune.com/app/uploads/2023/05/cardano-crypto-1024x683.png 1024w, https://www.cointribune.com/app/uploads/2023/05/cardano-crypto-300x200.png 300w, https://www.cointribune.com/app/uploads/2023/05/cardano-crypto-768x512.png 768w, https://www.cointribune.com/app/uploads/2023/05/cardano-crypto.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" class="post-cover-image--img" alt="Cardano logo"></div><div class="my-4"></div>



<h2 id="h-cardano-a-mixed-breakeven-point">Cardano: A mixed breakeven point?</h2>



<p>Is the crypto Cardano (ADA) still <a href="https://www.cointribune.com/cardano-ada-une-crypto-prometteuse/" target="_blank" rel="noreferrer noopener">a cryptocurrency with high potential</a>? It’s possible. But the numbers, on the other hand, seem to indicate otherwise. This is particularly evident in <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=all&amp;chart=all" target="_blank" rel="noreferrer noopener">a recent study of Cardano’s activities</a> provided by the data analysis platform IntoTheBlock.</p><div class="my-4"><div class="ads ">
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<p>The study in question is primarily based on the Break Even Price indicator, which examines the breakeven point of an asset. In concrete terms, this indicator determines the selling price of a digital asset that allows for the recovery of initial investments.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="601" height="629" src="https://www.cointribune.com/app/uploads/2023/05/Capture-decran-2023-05-30-083700.jpg" alt="" class="wp-image-604866" srcset="https://www.cointribune.com/app/uploads/2023/05/Capture-decran-2023-05-30-083700.jpg 601w, https://www.cointribune.com/app/uploads/2023/05/Capture-decran-2023-05-30-083700-287x300.jpg 287w" sizes="(max-width: 601px) 100vw, 601px"><figcaption class="wp-element-caption"><a href="https://twitter.com/CryptoGiants_/status/1663411633002106881" target="_blank" rel="noreferrer noopener">https://twitter.com/CryptoGiants_/status/1663411633002106881</a></figcaption></figure>



<p>Regarding Cardano specifically, the results of this analysis are far from impressive. The numbers show that since the beginning of the year, Cardano’s breakeven point is not in balance.</p>



<p>On average, 3.22 million ADA wallet addresses, the native cryptocurrency of Cardano, are in a deficit, meaning they are at a loss. In parallel, 1.01 million wallets are making profits. In terms of percentages, it represents 26.47% of ADA wallets showing positive figures.</p>



<p>This means that 71.07% of ADA wallets are in the red. Meanwhile, 2.46% of these wallets are at breakeven, generating neither income nor losses. As we can see, Cardano is silent in the crypto market.</p>



<p>This explains why, according to IntoTheBlock, ADA is currently experiencing little enthusiasm, just like the majority of altcoins. The situation is indeed frustrating for many traders, some of whom are selling their assets at a loss.</p>



<p>In the last 24 hours, ADA has remained on a downward trend. The asset has lost 0.19% of its value, trading around $0.38. This performance does not overshadow <a href="https://www.cointribune.com/cardano-ada-la-blockchain-qui-resout-les-problemes-mondiaux/" target="_blank" rel="noreferrer noopener">the relevant solutions that this blockchain brings</a> on a global scale.</p>

Crypto: A massacre in Cardano?

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