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Tag: Cardano
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67% of Cardano holders underwater and most bought less than 1 year ago
As Cardano (ADA) prices fall back towards the psychological one dollar level, more and more investors are finding themselves with unrealized losses by holding on to the digital asset. Cardano’s ADA token has had a bearish week. The price has fallen 11.4% since Monday resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09 and is in danger of falling below a dollar over the next few days should the trend continue. According to IntoTheBlock’s “in/out of the…
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Cardano (ADA) Prospects Are Bright Based on This Metric – But There’s a Catch: Crypto Exchange Kraken
Crypto exchange Kraken says that two on-chain metrics measuring demand for digital assets suggest a bullish outlook for Cardano (ADA). In its March 2022 crypto on-chain digest, Kraken says that ADA’s transaction fees, the cost that market participants are willing to pay to use the blockchain, rose by over 50% year-to-date. ADA’s transaction fee is rising amid a general decline in the transaction fees of other major crypto assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tezos (XTZ). “ADA transaction fees have risen about +51,5% from $0.33/tx to $0.5/tx…