Cardano

Billion

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In the midst of recent relief on the crypto market, after yesterday's merry-go-round, quotes of <a href="https://u.today/cardano-fan-dan-gambardello-gives-reasons-why-ada-will-start-outperforming-soon">Cardano token</a>&nbsp;ADA are greening up, and right now, they are showing a modest 1.2% addition. However, an impending obstacle looms over ADA's potential upward movement, creating uncertainty for a recent price surge.
<a href="https://u.today/cardano-fan-dan-gambardello-gives-reasons-why-ada-will-start-outperforming-soon">card</a>
<a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=all&amp;chart=all">IntoTheBlock</a> has unveiled data that sheds light on a significant roadblock standing in the way of ADA's price growth. Approximately four billion ADA, currently valued between $0.282 and $0.326, remains stuck in a state of unprofitability. Once the price crosses this threshold, these holders will have the opportunity to sell their tokens at breakeven or even at a slight profit.
<img alt="" data-entity-type="file" data-entity-uuid="a205e2c1-ad5a-407f-976d-61732072c100" src="https://u.today/sites/default/files/inline-images/dada.png">Source: <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>
If ADA manages to surpass this crucial hurdle, further pressure is expected to build up. This outcome should not come as a surprise, considering that a staggering 76% of Cardano's token offering is in the red globally. Astonishingly, only 12.2% of all <a href="https://u.today/cardano-ada-forming-extremely-important-pattern">ADA</a> holders are currently enjoying profits.
<h2 id="closer-look">Closer look</h2>
<img alt="" data-entity-type="file" data-entity-uuid="e63fa001-bf79-4378-b167-037026692cd0" src="https://u.today/sites/default/files/inline-images/ada_231.png">Source: <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=all&amp;chart=all">IntoTheBlock</a>
Digging deeper into the data, it becomes clear that the largest group of <a href="https://u.today/cardano-ada-might-receive-tax-on-governance-action-tech-director-says">Cardano</a> token holders experiencing losses acquired ADA at prices ranging from $1.62 to $2.97, encompassing 686,110 addresses. Additionally, the most significant number of ADA tokens currently in a loss-making position was purchased in the range of $0.375 to $0.43, totaling a substantial 8.85 billion tokens.
<a href="https://u.today/cardano-ada-forming-extremely-important-pattern">card</a>
This four billion ADA roadblock presents a critical juncture for Cardano's price trajectory. If it fails to breach this threshold, downward pressure may persist, further adding to the concerns of those holding the cryptocurrency.

Massive 4 Billion ADA Roadblock Threatens Cardano Token's Price Surge

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