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.

cardano-ada-holders

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.

cardano-active-addresses

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

UK AI Firm Cel AI to Raise £7.5M for Bitcoin Treasury Reserve Strategy

Cel AI, a UK-based artificial intelligence firm, has announced...

Trump Highlights Bitcoin’s Role in Creating Jobs and Easing Pressure on the US Dollar

On June 28th, former US President Donald Trump acknowledged...

Whale AguilaTrades Liquidates $100M BTC Short and Opens 20x Leveraged Long Position

COINOTAG News reports that prominent on-chain analyst Ai Yi...

Trump Signals Upcoming Tariff Letters Amid Trade Talks Impacting Golden Ten Coin

On June 28th, U.S. President Trump announced ongoing efforts...

OSL Group Announces $85.2M Acquisition of Banxa to Expand Global Cryptocurrency Infrastructure

OSL Group (HKEX: 00863) has formalized a strategic acquisition...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img