Data Revealed: 80 Percent of Investors Are Losing in This Altcoin!

According to data from cryptocurrency analysis company IntoTheBlock, all Cardano (ADA) altcoin More than 80% of owners are currently making a loss.

Approximately 16% of Cardano (ADA) Altcoin Investors Are In Profit Position

The final number of loss-making addresses was set at 3.53 million. However, 682,920 addresses appear in the snow, which is less than 16% of the total amount.

173,770 addresses, which represent approximately 4%, are in the situation of neither profit nor loss at the current price of 0.33 dollars.

The three largest groups of loss-making Cardano token holders can be identified. The first group, with a total of 669,370 addresses, purchased ADA at prices between $1.71 and $2.97. Such prices were last seen in the second half of 2021, in the middle of the last bull rally in the crypto market.

The second largest group of 560,940 addresses are those who have purchased ADA for less than $1.71 but starting at $1.29. Finally, the third group of 551,610 addresses are new buyers, most likely buying between $0.4 and $0.5 in tokens.

The addresses of all three groups currently have 8.17 billion ADA on their balance sheets. Interestingly, however, the largest number of ADA purchased at a loss, or 8.71 billion ADA, is in the addresses of those who purchased the token for between $0.36 and $0.4.

If we look at the overall total, a total of 25.7 billion ADA tokens purchased are in loss. However, the rate of profitable ADA tokens is about a quarter of that.

*Not investment advice.