Massive 4 Billion ADA Roadblock Threatens Cardano Token's Price Surge
In the midst of recent relief on the crypto market, after yesterday's merry-go-round, quotes of Cardano token ADA are greening up, and right now, they are showing a modest 1.2% addition. However, an impending obstacle looms over ADA's potential upward movement, creating uncertainty for a recent price surge.
IntoTheBlock has unveiled data that sheds light on a significant roadblock standing in the way of ADA's price growth. Approximately four billion ADA, currently valued between $0.282 and $0.326, remains stuck in a state of unprofitability. Once the price crosses this threshold, these holders will have the opportunity to sell their tokens at breakeven or even at a slight profit.
If ADA manages to surpass this crucial hurdle, further pressure is expected to build up. This outcome should not come as a surprise, considering that a staggering 76% of Cardano's token offering is in the red globally. Astonishingly, only 12.2% of all ADA holders are currently enjoying profits.
Read more on U.Today https://u.today/massive-4-billion-ada-roadblock-threatens-cardano-tokens-price-surge
In the midst of recent relief on the crypto market, after yesterday's merry-go-round, quotes of Cardano token ADA are greening up, and right now, they are showing a modest 1.2% addition. However, an impending obstacle looms over ADA's potential upward movement, creating uncertainty for a recent price surge.
IntoTheBlock has unveiled data that sheds light on a significant roadblock standing in the way of ADA's price growth. Approximately four billion ADA, currently valued between $0.282 and $0.326, remains stuck in a state of unprofitability. Once the price crosses this threshold, these holders will have the opportunity to sell their tokens at breakeven or even at a slight profit.
If ADA manages to surpass this crucial hurdle, further pressure is expected to build up. This outcome should not come as a surprise, considering that a staggering 76% of Cardano's token offering is in the red globally. Astonishingly, only 12.2% of all ADA holders are currently enjoying profits.
Read more on U.Today https://u.today/massive-4-billion-ada-roadblock-threatens-cardano-tokens-price-surge
| 14,000 mlx | |
| 448 | |
| 2 |
0 comments