Coin Edition -
- 78% of ADA wallets hold unrealized gains amid $102.38M weekly losses.
- Cardano funds 300 projects aiming for innovation and ecosystem growth.
- ADA’s recent surge to $0.6994 hints at resilience, breaches $0.63 resistance.
Cardano (ADA) has recently drawn attention due to its market behavior, marked by a reducing trend of ADA holders. This week, on-chain data has revealed many lost transactions within the Cardano network, overshadowing the profitable ones, especially when juxtaposed against giants like Ethereum and Bitcoin. Despite this, nearly 78% of Cardano wallets still boast unrealized gains, painting a complex picture of the asset’s current state.
Cardano Holders Face Challenges
Recent analyses have shown that Cardano’s on-chain metrics indicate a challenging period for its holders. A 102.38 million in losses were realized over the past week, hinting at a potential sell-off phase. However, the silver lining remains as most ADA wallets are still in the green regarding unrealized gains, suggesting resilience within the Cardano community.
#Cardano fam, your weekly update.In 1 week -> 1.6 MILLION transactions!!