Cardano Surges to New Highs—88% of ADA Supply Now in the Profit Zone

• 88% of Cardano’s circulating supply is now in profit, signaling robust market momentum and potential selling pressure as holders may realize gains.
• If holders maintain their positions, ADA could break the $1.15 mark, with the possibility of a continued bullish trend, especially if the market sentiment remains strong.

---

According to recent Santiment data, ADA’s Market Value to Realized Value (MVRV) ratio has climbed to 76.2%, signaling potential overvaluation. This aligns with our previous update on Cardano’s price gaining momentum while RCO Finance prepares for a 35,402% surge by Q1 2025.

If holders decide to sell, they could realize an average profit of 76.2%, which may increase selling pressure on ADA’s price. According to CoinMarketCap data, ADA’s price has surged to $1.05, with a 5.92% increase in the past day and a 21.73% rise in the past week, reflecting broader positive market sentiment.

Interestingly, Cardano’s ADA has seen a 27% surge over the past week, driving 88.4% of its circulating supply into profit. At current prices, 32 billion ADA, valued at $31 billion, is now held at a gain. This marks a sharp increase from earlier in the month when only 40% of ADA’s supply was in profit.

While the rally underscores strong market momentum, it raises the risk of profit-taking as investors may be tempted to cash in.

Path to $1.15 Depends on Holder Restraint

If ADA holders resist selling, the coin could maintain its upward trajectory and potentially break above $1, reaching $1.15—a level not seen since April 2022. This would require continued market confidence and sustained buyer interest, countering the natural pull of profit-taking after a significant rally.

Cardano’s next move will likely depend on the balance between bullish momentum and selling pressure. Please note the Cardano Price Surge Prediction of 1,300%, as mentioned in CNF’s previous post, which also highlights Polkadot’s expected 1,800% jump, while Cybro targets a 6,500% rally in November.

---

Recommended for you: