Cardano has known, since the beginning of the year, tumults and especially a seesaw evolution which however made certain observers say that the company remained promising despite everything. Is this still the case ?
Cardano: a mixed break-even point?
Is the Cardano (ADA) crypto still a crypto with great potential? It’s possible. But the numbers seem to indicate otherwise. This is particularly what shows a recent survey of Cardano’s activities provided by the IntoTheBlock data analysis platform.
The study in question is essentially based on the Break Even Price indicator which studies the break-even point of an asset. In concreto, this indicator makes it possible to determine the selling price of a digital asset allowing the recovery of the initial investments.
When it comes to Cardano in particular, the results of this analysis are not very good. The figures show that since the beginning of the year, Cardano’s breakeven point is not at breakeven.
Thus, on average, 3.22 million addresses of ADA wallets, the native crypto of Cardano, are in deficit, therefore in loss. At the same time, 1.01 million wallets are making a profit. In terms of rates, 26.47% of ADA portfolios show positive figures.
This, for 71.07% of ADA portfolios that are in the red. While 2.46% of these portfolios are in balance, therefore generating neither income nor loss. As we can see, Cardona is taciturn in the crypto market.
This explains why, according to IntoTheBlock ADA currently meets with little enthusiasm like the majority of altcoins. The situation also seems frustrating for many traders, some of whom are selling their assets at a loss.
Over the past 24 hours, ADA remains on a downtrend. The asset lost 0.19% of its valuation to trade around $0.38. A performance that does not obscure the relevant solutions that this blockchain provides on a global scale.
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