Almost 90% of Cardano addresses are already in the red. In addition, the Cardano transaction volume is falling sharply, as is the number of active addresses.
BeInCrypto looks at some key on-chain metrics indicating Cardano holders are feeling the pinch.
Around 90% of Cardano Addresses Are Losing
Around 90% of Cardano addresses are currently in the red. Just under 7.11% of addresses could sell at a profit at the current market price, while around 3.1% could sell without profit or loss.
Previously, the number of addresses in the loss zone was still around 80%. Accordingly, the number of loss-making addresses is steadily increasing.
Read More: Best Crypto Sign-Up Bonuses in 2023
Cardano Transaction Volume Decreases Sharply
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Author: Ryan James
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