65% of investors in Cardano (ADA), one of the most popular altcoins in the cryptocurrency market, are at a loss.
According to data from on-chain analysis firm IntoTheBlock, despite the increases in the market, only 35% of ADA investors are positioned profitably. This rate is quite low compared to other altcoins.
The price at which most users lose money causes selling pressure on the return. Most addresses tend to sell when the average price reaches the break-even point for their costs. Therefore, in the data received 7.19 with billion ADA 0.38 The dollar level seems to be of critical importance.
On the other hand, historical data shows that Cardano may experience a big rise this month. ADA, which achieved a 28.4% increase in November, pleasing its investors, experienced an average increase of 67.5% in December.
ADA, which showed a performance of 517% in the last month of 2017, 7 years of existence It was the month with the highest increase throughout the year. After ADA closed its fourth quarter green in 2017 and 2020 followed a similar performance this year as well. It was a matter of curiosity whether he would watch it or not.
According to CoinGecko data, ADA, at the time of writing from $0.379 is being traded.
