Only 35% of Cardano (ADA) Holders In Profit, Suggests Buying Opportunity
• Only 35% of Cardano holders are currently 'in the money,' making a profit. • 61.3% of ADA holders are 'out of the money,' suggesting undervaluation. • Comparative data shows ADA's profitability lower than BTC, TRX, DOGE, ETH.
A recent analysis by IntoTheBlock reveals that only 35% of Cardano (ADA) holders are currently profiting from their investments, a stark contrast to other major cryptocurrencies.
The shifting sands of investor sentiment and market conditions constantly affect the cryptocurrency market.
Is Cardano (ADA) Presenting a Buying Opportunity? Comparative data shows that more than 86% of Bitcoin (BTC) holders and over 85% of Tron (TRX) investors are enjoying profits.
Even Dogecoin (DOGE) and Ethereum (ETH) have higher percentages, with 83% and 81% of their holders ‘in the money’, respectively. ‘ ‘In the money’ refers to situations where the asset’s purchase price is below its current market value, yielding a profit for the holder.
Conversely, being ‘out of the money’ means the purchase price was higher than the current price, resulting in an unrealized loss.