Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?

Despite the overall crypto market recovery, a significant number of Cardano holders are still experiencing losses. We explore the reasons behind this phenomenon.

Points

• Cardano holders face losses despite the crypto market recovery.
• Only 25% of Cardano holders are in profit; 66% are at a loss.
• Major resistances at $0.60 and $0.70 hinder ADA’s price growth.
• Cardano’s performance lags behind other top cryptocurrencies in terms of profitability.

The cryptocurrency market has seen a notable recovery from its recent lows, but Cardano （ADA） holders are still nursing substantial losses. Data from IntoTheBlock indicates that Cardano is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap, causing disappointment among its investors and long-term supporters.

Cardano’s profitability remains low since the market crash of 2022. Even with the recent market recovery, the majority of ADA holders are still underwater on their investments. This underperformance is largely due to ADA’s failure to break through major resistance levels at $0.60 and $0.70, keeping its price suppressed.

Currently, only 25% of all Cardano holders are seeing any profit, while a vast majority of 66% are experiencing losses. The remaining 9% of holders are at breakeven, meaning the current price is the same as the price at which their coins were last moved. With approximately 4.5 million Cardano holders, this translates to about 1.11 million in profit, 2.96 million at a loss, and 397,740 at breakeven.

The situation could worsen if ADA’s price falls below $0.35 again, which would plunge another 138,000 addresses into losses, further widening the profitability gap. However, if the price successfully moves above $0.47, it could send an additional 85,590 addresses back into profit.

Comparing Cardano’s profitability with other top cryptocurrencies reveals a stark contrast. Bitcoin （BTC）, the largest cryptocurrency, boasts 89% of holders in profit, with only 7% in losses and 5% at breakeven. Ethereum （ETH）, the second-largest cryptocurrency, has 82% of holders in profit, 12% in losses, and 5% at breakeven. Even Dogecoin （DOGE） shows a high profitability rate, with 75% of holders in profit, 23% in losses, and 3% at breakeven.

Cardano’s underperformance relative to its peers highlights its struggles to gain momentum and break through key resistance levels. This disparity in profitability underscores the challenges ADA faces in the current market environment. Despite the broader market recovery, Cardano holders continue to suffer due to its lagging performance.

解説

• Cardano’s profitability remains low, with only 25% of holders in profit, despite the broader market recovery.
• Major resistance levels at $0.60 and $0.70 are preventing ADA from achieving significant price growth.
• The stark contrast in profitability between Cardano and other top cryptocurrencies like Bitcoin and Ethereum highlights ADA’s struggles.
• If Cardano’s price falls below $0.35, an additional 138,000 addresses will be pushed into losses.
• Overcoming these resistance levels is crucial for improving Cardano’s profitability and reducing the number of holders experiencing losses.