Cardano

Cryptocurrency

Terra Classic

Terra

Phoenix

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 <p class="paragraph">Cardano (ADA) is one of the most popular layer-1 blockchains for decentralized apps (DApps), decentralized finance (DeFi), and Web3. Recently, some new developments promise to leverage Cardano’s decentralization and network capacity.</p>
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 <p class="paragraph">Notably, one out of three <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> of the Cardano native token, ADA, holds a profitable position. This is a massive change from the previous 5% <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> “In the Money” reported by Finbold in September 2023.</p>
 <p class="paragraph">Since then, this cryptocurrency’s market value has increased by $4.17 billion from $8.99 billion to a $13.16 billion capitalization by press time. An impressive 46% surge, followed by a slightly lower price appreciation due to ADA’s supply inflation.</p>
 <p class="paragraph">In particular, the token rewarded its investors with 45% gains from the $0.254 price on September 8 to the $0.368 registered at the time of publication on November 22. Finbold retrieved the above data from <em>IntoTheBlock</em>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="383" src="https://cdn.thebittimes.com/images/2023/11/23/14329140824affeb0ae371e8f0741cd4.webp" alt class="wp-image-138930" srcset="https://cdn.thebittimes.com/images/2023/11/23/14329140824affeb0ae371e8f0741cd4.webp 1024w, https://cdn.thebittimes.com/images/2023/11/23/14329140824affeb0ae371e8f0741cd4.webp 300w, https://cdn.thebittimes.com/images/2023/11/23/14329140824affeb0ae371e8f0741cd4.webp 768w, https://cdn.thebittimes.com/images/2023/11/23/14329140824affeb0ae371e8f0741cd4.webp 1410w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Cardano (ADA) token summary and holders. Source: <em>IntoTheBlock</em>
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 <h2 class="wp-block-heading" id="h-cardano-long-term-holders-are-still-in-the-red">Cardano long-term holders are still in the red</h2>
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 <p class="paragraph">However, more than half of all Cardano <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> are still under unrealized losses. 60% of all ADA <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> are considered “Out of the Money,” while 7% are breakeven, and 33% register gains.</p>
 <p class="paragraph">Interestingly, <em>IntoTheBlock </em>only considers 34% of wallet addresses holding ADA as “investors” or “whales.” In this context, “investors” are any Cardano address with at least 0.1% of the circulating supply, while a “whale” holds more than 1% of it.</p>
 <p class="paragraph">Moreover, it is notable that close to two out of every three addresses (64%) have been Cardano long-term <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> for over a year. In the meantime, 36% hold their ADA position for less than one year.</p>
 <p class="paragraph">All things considered, the higher the percentage of long-term <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> “out of the money,” the less likely these <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> are to sell. With more capital entering the cryptocurrency market and more demand arriving, the lack of selling pressure can boost ADA’s ability to increase prices.</p>
 <p class="paragraph">Nevertheless, the scenario might change as the price increases and more Cardano <a rel="noopener noreferrer nofollow" title="holders" href="https://thebittimes.com/tag/holders.html">holders</a> become positive.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/1-out-of-3-cardano-holders-are-in-profit-tbt71274.html">https://thebittimes.com/1-out-of-3-cardano-holders-are-in-profit-tbt71274.html</a></p>

1 out of 3 Cardano holders are in profit

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