\t\t\t\t\t\t
<\/p>\n
- \n
- Less than 10% of ADA holders were currently holding at a profit.<\/span><\/em><\/li>\n
- ADA has continued to decline as it trends below its short MA.<\/span><\/em><\/li>\n<\/ul>\n
Cardano [ADA]<\/a> consistently holds a prominent position with significant development activities. Nonetheless, the growth rate of ADA holdings has not paralleled the positive development activity.<\/span><\/p>\n
\n\u2013 Is your portfolio green? Check out the Cardano Profit Calculator<\/a><\/p>\n
\nCardano holders at a loss inches closer to 90%<\/b><\/h4>\n
According to recent data from Into The Block<\/a>, a significant portion of Cardano [ADA]<\/a> holders were currently experiencing losses. The number of holders incurring losses far exceeded those who were making profits or had broken even. <\/span><\/p>\n
Upon examining the data, it became apparent that the holders who acquired ADA at an average price of $0.39 faced the highest loss. This group, comprising about 482,000 addresses, collectively held approximately 8.9 billion ADA.\u00a0<\/span><\/p>\n
Conversely, a larger number of addresses purchased ADA at an average price of $2.14, totaling around 690,000 addresses.<\/span><\/p>\n
![\"Cardano](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/Cardano-holders.png\")
<\/a><\/p>\nSource: IntoTheBlock<\/p>\n<\/div>\n
Furthermore, the chart revealed that nearly 4 million addresses were holding ADA<\/a> at a loss. This number comprised approximately 89.7% of all holders as of this writing. <\/span><\/p>\n
On the other hand, approximately 435,000 addresses were profitable, accounting for roughly 9.81% of the total addresses. A smaller subset of around 27,000 addresses, representing less than 1% of the total, have managed to break even.<\/span><\/p>\n
Cardano active addresses flash downward signals<\/b><\/h4>\n
The Cardano<\/a> seven-day active addresses revealed a consistent number decrease over the past few days. By analyzing the chart, it became evident that July had around 300,000 active addresses. <\/span><\/p>\n
However, a clear decline has since become apparent. As of this writing, the count of active addresses dwindled to approximately 175,000. This decline signified a reduction in the number of addresses engaging in activity on the blockchain.<\/span><\/p>\n
![\"Cardano](\"image\/svg+xml,%3Csvg%20xmlns=\")
![\"Cardano](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-12.50.54-16-Aug-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
Analyzing the trend of ADA<\/b><\/h4>\n
- ADA has continued to decline as it trends below its short MA.<\/span><\/em><\/li>\n<\/ul>\n
![\"ADA\/USD](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/ADAUSD_2023-08-16_12-19-08.png\")