Ethereum

Cardano

Bitcoin

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A recent report by data analytics firm&nbsp;<a href="https://x.com/intotheblock/status/1783169037289042270" rel="noopener noreferrer nofollow">IntoTheBlock</a> has spotlighted a concerning trend in the&nbsp;<a href="https://u.today/cardano-ada-skyrockets-500-in-fund-flows-as-bulls-take-charge" rel="noopener noreferrer nofollow">Cardano (ADA)</a> ecosystem: a significant portion of ADA holders find themselves in the red. The analysis delves into the profitability of holders across various layer-1 networks, revealing stark disparities.
Bitcoin emerges as the undisputed leader, boasting a high percentage of holders in profit, closely followed by TRX. Notably,&nbsp;<a href="https://u.today/doge-army-issued-crucial-warning-by-top-dogecoin-contributor" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and Ethereum (ETH) also demonstrate robust profitability among their holders. However, Cardano stands out starkly, with a mere 35% of its holders currently seeing green. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="aaf2c3ec-7ffa-47cb-9006-5a540100f5bf" src="https://u.today/sites/default/files/inline-images/cardanoo_1.png">Source: <a href="https://app.intotheblock.com/coin/ADA" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Delving deeper into the data, it becomes apparent that the profitability of ADA addresses is under strain. Among the 1.59 million addresses holding 14.07 billion ADA, a substantial portion — 5.71 billion ADA — were purchased at prices ranging from $0.000006 to $0.299162 per token.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="dcd35c47-6ac3-43ec-9dee-82ba772696cc" src="https://u.today/sites/default/files/inline-images/cardanoprice_0.png">ADA to USD by <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Conversely, a staggering 2.73 million addresses are experiencing losses, holding 20.07 billion ADA, particularly stemming from purchases made between $0.5975 and $0.7265 per ADA.
Presently, 152,940 addresses find themselves at break even point, with 947.87 million ADA collectively held. This intricate web of data prompts varied interpretations. On the one hand, the mounting losses incurred by&nbsp;<a href="https://u.today/25-billion-cardano-ada-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">Cardano</a> holders exert significant downward pressure on the cryptocurrency's price.&nbsp;
Yet, on the other hand, it hints at a potential undervaluation on the market, suggesting the possibility of a substantial revaluation should positive developments arise unexpectedly.

Cardano (ADA) Key On-Chain Metric Falls to Worrying Levels

U_Today

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