Development Activities Continue in Cardano, But Data is Not Positive for ADA

• When the data was examined, it was observed that owners who bought ADA at an average price of $0.39 experienced the highest losses. This group included approximately 482,000 addresses and had a total of approximately 8.9 billion ADA.
• Approximately 435,000 addresses were profitable and represented approximately 9.81% of the total addresses. Approximately 27,000 addresses, which accounted for less than 1% of the total, managed to balance the equation.
• At the time of writing this article, the number of active addresses had dropped to approximately 175,000. This decrease indicated a decrease in the number of addresses operating on the blockchain.

While the Cardano network attracts attention with its development activities, investors’ losses are increasing as the ADA price struggles.

Cardano Developments Making Progress While ADA Faces Challenges

Cardano consistently maintains its significant position and attracts attention with important development activities. However, the growth rate of ADA holdings did not parallel positive development activities.

According to the latest Into The Block data, a significant portion of Cardano (ADA) holders were currently experiencing losses. The number of losing holders was much higher than the number of profitable or balanced ones.

When the data was examined, it was observed that owners who bought ADA at an average price of $0.39 experienced the highest losses. This group included approximately 482,000 addresses and had a total of approximately 8.9 billion ADA. On the other hand, a larger group of addresses purchased ADA at an average price of $2.14 and included approximately 690,000 addresses.

Additionally, the chart showed that nearly 4 million addresses held ADA at a loss. This figure accounted for approximately 89.7% of all addresses at the time of writing.

On the other hand, approximately 435,000 addresses were profitable and represented approximately 9.81% of the total addresses. Approximately 27,000 addresses, which accounted for less than 1% of the total, managed to balance the equation.

Cardano active addresses signaling downward

Over the past seven days, active Cardano addresses have consistently decreased. The chart showed that there were approximately 300,000 active addresses in July.

However, a clear decline emerged afterwards. At the time of writing this article, the number of active addresses had dropped to approximately 175,000. This decrease indicated a decrease in the number of addresses operating on the blockchain.