Cardano (ADA) Investors Struggle With 3.69M Addresses in Losses

The development of the Cardano token was influenced by Gerolamo Cardano, an Italian polymath, and was introduced in 2017. Since its inception, Cardano has undergone significant developments. On September 2, 2021, ADA reached an all-time high of $3.0992. However, Cardano has since experienced a decline of 90%, resulting in losses for investors who entered the ADA ecosystem during that period.

Also read: Bitcoin Below $30k, Altcoins Retract After Positive Ripple News

According to recent data from IntoTheBlock, approximately 3.69 million ADA addresses are currently facing a loss.

83% of Cardano holders are at a loss

IntoTheBlock’s “Break Even Price” indicator reveals that 3.69 million Cardano investors’ addresses are currently held at a loss. These addresses indicate that 83.11% of the holders are at a loss. The data from the image above shows that 11.67%, or 517.69k addresses, are currently held at profit. 231.38k addresses, or 5.22% of addresses, are holding breakeven.

Also read: Shiba Inu: Shibarium Surpasses Another Notable Milestone

CoinMarketCap data reveal that ADA is trading at $0.3066 at press time, with a 0.8% drop in value over the last 24 hours. ADA is also up by 5.6% in the last seven days and 14.3% in the last 30 days.