Thursday, April 18, 2024
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Cardano and Shiba Inu holders still in the loss despite the recovery in the crypto market

According to new statistics, despite the recovery in the larger cryptocurrency market, the vast amount of Cardano (ADA) and Shiba Inu (SHIB) investors are still losing money. To discover whether holders are still below, crypto intelligence business IntoTheBlock examines wallets with a Cardano account.

According to IntoTheBlock, even after Cardano’s 28.8 percent rise from a seven-day low of USD 0.74 to its current price of USD 0.95, 84 percent of ADA investors remain out of the money or in losses. According to the crypto analytics organisation, just 12 percent of ADA holders are in the money or profit, while 4 percent are at money or breakeven.

According to source, 55 percent of Shiba Inu meme currency owners are nursing losses, 39 percent are retaining profits, and 7 percent are breakeven. SHIB is now trading at USD 0.000027, up roughly 30 percent from its seven-day low of USD 0.000021.

According to the analytics firm, 47 percent of MANA, Decentraland virtual reality platform, holders are in the black, while 42 percent are in the red. The remainder are at breakeven.

According to IntoTheBlock, 51 percent of Dogecoin (DOGE) investors are holding onto profits, 43 percent are losing money, and 6 percent are breaking even. Furthermore, according to IntoTheBlock, the mass of Ethereum (ETH) owners are profitable, with 73 percent in the black, 23 percent out of the black, and only 4 percent breaking even.


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