Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano: Most ADA transactions result in losses.
ALTCOIN NEWS

Cardano: Most ADA transactions result in losses.

By Crypto FlexsApril 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano: Most ADA transactions result in losses.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Since April 22, almost all ADA trades have recorded realized losses.
  • Cryptocurrency items ranged from $0.40 to $0.44.

AMBCrypto confirmed that participants suffered losses on almost every Cardano (ADA) transaction this week. Before coming to this conclusion, we looked at the network realized profits/losses.

This metric measures the USD value of profits or other transactions within a specific time period. According to our analysis, the last time the ADA made a significant payment to participants was on April 22. At the time, there was no need to sell $19.78 million worth of tokens at a loss.

However, as of this writing, $321,000 worth of ADA tokens have realized losses over the past month. This action is a reflection of the cryptocurrency’s price action.

Cardano’s realized P&L this week

Source: Santiment

I have no money now

5 days ago the price of Cardano was $0.52. At press time, its value had decreased to $0.46, indicating that it has been difficult to make money through spot trading of the token.

But short-term holders aren’t the only ones affected by the ADA move. A few weeks ago, less than 50% of holders suffered losses. According to press time data from IntoTheBlock, 59% of all holders lost money.

On a broader scale, this could present a buying opportunity given that many holders may not want to liquidate their holdings without a profit.

This could lead to further accumulation, which could give Cardano a potential upside. On the other hand, if some of the holders decide to forfeit what is left, the price of ADA could fall to $0.44.

Cardano's data about holders sending money in and outCardano's data about holders sending money in and out

Source: IntoTheBlock

But is now a good time to consider purchasing ADA? AMBCrypto’s analysis of the price-DAA differential gives an idea about this. If you’re unfamiliar, DAA stands for Daily Active Addresses. It shows the level of daily user activity on the blockchain.

Signal scream: Prepare another exit!

Using data from Santiment, we observed that the price-DAA difference is -49.99%. Using this indicator, traders can develop trading strategies that have historically proven to be effective.

In past cycles, when the price rises more than DAA, it means it is time to buy. On the other hand, if the price falls more than DAA, there is a strong exit signal.

One thing we have noticed is that Cardano’s DAA has surged over the past few days as the price of ADA has fallen. Therefore, it can be concluded that a clear buying opportunity has not yet emerged.

Cardano has flashed the exit signal.Cardano has flashed the exit signal.

Source: Santiment

Regarding the price, ADA may fall below the $0.45 psychological support in the near term. In this case, market participants may need to find another entry point between $0.40 and $0.44.


Is your portfolio green? Check out the Cardano Profit Calculator


Despite the potential downside, a rebound for Cardano may still be possible in the medium term. But that depends on the performance of the altcoin.

If the cryptocurrency price rebounds in the same period, ADA could rise once more and surpass $0.60.

Next: What SHIB Holders Need to Know About Shibarium’s Latest Upgrade

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Altseason is open -how is these two coins leading the claim?

June 1, 2025

TON has a simple down time before it is restored.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025
Add A Comment

Comments are closed.

Recent Posts

The government holds bitcoin for strategic financial diversification

June 2, 2025

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025

GeForce now launches a default app for Steam Deck to improve the cloud game experience.

June 1, 2025

Altseason is open -how is these two coins leading the claim?

June 1, 2025

India and Indonesia are leading 30,000 cases.

June 1, 2025

BNB Chain unveils incentive programs to increase actual asset projects.

June 1, 2025

TON has a simple down time before it is restored.

June 1, 2025

US Treasury sanctions are Funnull technology for encryption investment fraud

June 1, 2025

The top five Cryptocurrencies to be careful in the short term

June 1, 2025

Bitmex finds a cyber security lab in the North Korean hacker group.

June 1, 2025

2025 Bitcoin: Main Highlights and Strategic Presents

June 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The government holds bitcoin for strategic financial diversification

June 2, 2025

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025

GeForce now launches a default app for Steam Deck to improve the cloud game experience.

June 1, 2025
Most Popular

Tether (USDT) Launches UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group

August 21, 2024

BlockDAG beats Cardano & Pandoshi presales with 5000x profit potential.

February 20, 2024

Security – Are SPVs and fraud prevention viable options for Bitcoin scaling?

December 19, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.