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

Whales Accumulate LINK: 2.52 Million LINK Withdrawn from Binance

In recent developments within the cryptocurrency market, **COINOTAG** reported...

TOP10 Whales Hold 1.65 Million TRUMP Tokens as Dinner News Sparks Trading Activity

According to recent data from COINOTAG News on April...

Truflation Malware Attack: Hacker Converts 4.5 WBTC to 230 ETH and Transfers to Tornado Cash

On April 24th, COINOTAG reported that the address associated...

TRUMP Trading Pair Dominates Korean Market with 16.26% Volume on Upbit

According to COINOTAG on April 24th, a review of...

Synthetix (SNX) Faces Trade Warning and Deposit Suspensions Amid sUSD Debasing Incident

COINOTAG News reported on April 24th that the Digital...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img