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It has a market capitalization of $13.2 billion and a round-the-clock exchange volume of $80.92 million, according to the data of coinmarketcap.ada price covers at $0.38 | source: adausd sur tradingview.comfollow best owie sur twitter pour des informations sur le marche, updates, and the casual laugh tweet... starring the image of coingape, tradingview.com graphics. So how are the operators doing? cardano (ada) continues to see good momentum even after the wider crypto market seems to be slowing down over the past few days.
The Majority Of Cardano Holders Are In The Red
As data from IntoTheBlock shows, there is currently more than twice the number of those in profits who are seeing losses from their Cardano holdings. Most card holders are in the block redas data, At present, more than twice as many people make a profit and see their losses in cardano.
The data which is taken from on-chain using the amount at which the coins were last moved compared to the current price of the digital asset, puts 71% of all ADA investors currently seeing losses. This is what this analyst thinks of the data that is taken from the chain by using the quantity to which the parts were last moved in relation to the current price of the digital asset, 71% of all investors are losing money at the moment. But only 25% of investors are in the green right now.
4% are those whose farms have probably been purchased at prices close to current prices. Others such as Bitcoin, Ethereum, and Dogecoin are all seeing levels where more than 55% of holders are sitting in profit.
Majority of ADA holders still in losses | Source: IntoTheBlockMost ADA holders continue to suffer losses | Source: IntoTheBlock. It is interesting to note that the composition of Cardano's long-term holders is smaller than that of these other assets.
When I wrote this, Only 44 percent of all ADA holders have been in detention for over a year, whereas other high cryptocurrencies see the composition of long-term holders in excess of 60%. This may explain why ADA investors are not profitable.
ADA On The Charts
Despite the low profitability being recorded among Cardano investors, the coin is still seeing a lot of interest. Historically, holders of long-term cryptocurrencies outperformed holders of short-term cryptocurrencies, hence, the high profitability margins observed in btc and eth.ada on the charters, notwithstanding the low profitability recorded by cardano investors, It's always a very interesting piece. During the last 24 hours when the most important cryptocurrencies see little or no wins, the ada price has recovered by more than 2.50%.
This recovery in price is already showing that the month of February could bring good tidings for investors. Related Readings: Community votes for burning 4.97 Trillion Shiba Inu Rival chips, Floki InuThis price rally already shows that February could offer good news to investors.
However, the ADA is still far from its record price, and unless it succeeds in passing $1, most investors will stay in the red. It has a market cap of $13.2 billion with a 24-hour trading volume of $80.92 million, according to data from Coinmarketcap.
ADA price recovers to $0.38 | Source: ADAUSD on TradingView.com
