Cardano (ADA) has been on a significant price decline in the past 30 days with important metrics pointing to a continued decline in the next few days.
This decline has seen the number of Cardano holders in profit falling massively, as evidenced by on-chain data. Particularly, IntoTheBlock’s “In/Out of the Money” has revealed the number of Cardano holders in losses has now climbed to 2.56 million addresses, representing over 57% of the total addresses.
Cardano’s Lackluster Price Performance
At the time of writing, Cardano has seen its price fall by 34.40% in the past 30 days. This fall was further exacerbated by a recent Bitcoin selloff which saw the leading digital asset fall by 5% in the past 24 hours. As a result, Cardano saw its price falling below $0.5 for the first time since February 8.
A lackluster action from the bulls has seen Cardano falling 55% from a yearly high of $0.8009 set on March 14. In the spirit of a lackluster price surge, Cardano is trading
We współpracy z: https://bitcoinist.com/cardano-addresses-in-loss-barrels-past-57-amid-market-crash/
