Cardano

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-investors-face-significant-losses/" data-wpel-link="internal">Cardano Investors Face Significant Losses</a> 
In recent months, Cardano (<a href="https://en.coin-turk.com/exploring-the-robust-treasury-and-market-dynamics-of-cardano-ada/" data-wpel-link="internal">ADA</a>) has experienced extremely unsettling movements in its price performance. The number of addresses already at a loss has visibly increased as ADA’s price decline accelerated. This price drop indicates that investors who bought Cardano (ADA) at high prices could face even greater losses. 
<h2 style="text-align: justify" id="cardano-ada-investors-in-loss">Cardano (ADA) Investors in Loss</h2> 
An analysis shared by IntoTheBlock, indicating Cardano’s Global In/Out of the Money indicator, reveals the current status of past investments. As of the time the <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> was shared, 3.31 million addresses were “out of the money.” 
This shows that Cardano’s price is lower than the average cost at which investors purchased their ADA. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-364767" src="https://coin-turk.com/wp-content/uploads/2024/06/cardano-coin-turk-com.png" alt="" width="868" height="574"> 
Another analysis of Cardano’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a> reflects that approximately 74% of ADA investors are currently “out of the money.” This level highlights a significant community affected by the price drop. 
Detailed examinations show that investors who bought ADA at around $0.39 are closest to the breakeven point despite the price drop. This investor group currently holds 2.57 billion ADA tokens. Within this category, about 180,000 addresses, considered a large investor group, appear to have made purchases. 
<h2 style="text-align: justify" id="current-status-of-cardano-addresses">Current Status of Cardano Addresses</h2> 
A noticeable decline is observed in Cardano’s daily active addresses. According to data provided by Santiment, the number of active addresses had dropped to 29,000 as of June 20. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-364768" src="https://coin-turk.com/wp-content/uploads/2024/06/cardano-2-coin-turk-com.png" alt="" width="871" height="293"> 
Moreover, the decline continued towards these levels from that period until today. By June 23, the number was calculated to be only 29,527. 
More importantly, recent data showed that the number had dropped to 15,000. This decline in active addresses clearly indicates a decrease in the usage and participation in the Cardano network. 
Cardano analyses also revealed a drop in transaction volume followed by a revival in activities. 
According to the latest data, the major altcoin’s transaction volume was around $280 million, with a rise from $202 million in transactions on June 23. 
As of the time of writing, ADA continues to trade at $0.3737, following a drop of over 2% in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-investors-face-significant-losses/" data-wpel-link="internal">Cardano Investors Face Significant Losses</a></h5>

Cardano Investors Face Significant Losses

Daftar Isi

COINTURK NEWS

Artikel lain yang dipublikasikan pada 24 Jun 2024

A Beginner’s Guide To The zkSync Ecosystem

Metaplanet Invests in Bitcoin to Mitigate Economic Risks

Jacob Bury Predicts 10x Explosion! MoonBag’s Top Meme Coin Presale In 2024 Ignites Investor Frenzy

Should I invest in Nvidia stocks or Bitcoin?

Eight Financial Firms File For Spot Ethereum ETFs

CoinFactiva Analysts: Altcoin Sell-Off Gains Momentum

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!