Gerolamo Cardano, an Italian scholar who inspired the development of Cardano, launched in 2017. Charles Hoskinson, the creator of Cardano, revealed details of the Alonzo hard fork in August 2021.
Cardano has come a long way since its launch. ADA hit an all-time high of $3.1 on September 2, 2021. However, it has plummeted 88% since the peak, prompting Cardano (ADA) investors to join the ADA ecosystem. losses during that time.
According to the latest data from IntoTheBlock, there are about 3.1 million addresses holding ADA currently at a loss.
81% of Cardano Holders Lose
IntoTheBlock’s “Breaking Even Price” indicator reveals that 3.1 million addresses holding ADA are currently at a loss. These addresses show that 81% of holders are at a loss. The data from the image above also shows that 26.47%, or 1.16 million addresses, are currently profitable. 107.81 thousand addresses, or 2.46% of addresses, are breaking even.
CoinMarketCap data shows ADA trading at $0.37 at press time, with a 0.5% increase in value over the past 24 hours. However, ADA is also down 6% over the past 30 days and 87.7% from its all-time high of $3.1.