67% of Cardano holders underwater and most bought less than 1 year ago By Cointelegraph

67% of Cardano holders underwater and most bought less than 1 year ago

Cryptocurrency Apr 08, 2022 01:20AM ET

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67% of Cardano holders underwater and most bought less than 1 year ago

As Cardano (ADA) prices fall back towards the psychological one dollar level, more and more investors are finding themselves with unrealized losses by holding on to the digital asset.

Cardano’s ADA token has had a bearish week. The price has fallen 11.4% since Monday resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09 and is in danger of falling below a dollar over the next few days should the trend continue.

In/Out of the Money: IntoTheBlock

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Comments (1)

Stephen Fa Apr 10, 2022 6:51PM ET

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Block User

Just hold and $ADA will grow over $3.00

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67% of Cardano holders underwater and most bought less than 1 year ago

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