ADA prices are sliding back toward a dollar, putting more holders in the red as gains are eroded.
67% of Cardano holders underwater and most bought less than 1 year agoNEWS
As Cardano (ADA) prices fall back toward 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. Since Monday, the price has fallen 11.4%, 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 money indicator, more than two-thirds, or 67% of ADA holders, are underwater. A quarter of Cardano investors are green, and 9% of them are at a breakeven point.