Majority Of Cardano (ADA) Holders In Loss As Price Slides To $1

Cardano (ADA) had since lost its momentum and has been back on another downtrend once more. This time around, the downtrend quickly sent the cryptocurrency back towards the $1 territory. This has had some dire implications for Cardano investors. The majority of these investors have now seen their portfolios descent into the red territory causing them to be taking massive losses at the current prices. Cardano Holders In The Red Much like the majority of the market, Cardano has seen its value decline in recent days. This has been a result of the slowing market momentum which has been widespread. However, not every digital asset holder in the space has been as unfortunate as those who hold ADA tokens. In contrast to investors of other leading cryptocurrencies, the majority of ADA holders are firmly in the loss territory. Related Reading | Bitcoin Exchange Traded Products Near 1% Of Total BTC Supply Presently, a quarter of all ADA investors are in profit. Most of these have been those who have held over the long term, meaning having held their tokens for longer than one year. The mid-term holders look to be bearing the brunt of the losses. These holders are those who have held their tokens for one to 12 months. Making up 76% of the total ADA holder population, it is no surprise to see that they make up a large chunk of investors in the loss. 67% of ADA holders in loss | Source: IntoTheBlock There are a total of 67% of AD...