Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says

Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says
Over the years, Cardano (ADA) has grown to be one of the most beloved cryptocurrencies, securing its spot as one of the top 10 largest cryptocurrencies by market cap in the process. However, while the Cardano network has grown tremendously, investors in its native ADA token have not been as lucky with profitability levels plummeting over the last two years. How Many ADA Holders Are Seeing Profits? Data from the on-chain tracking website IntoTheBlock shows that ADA might be the worst performer of the top 10 in terms of profitability. While the other assets in the top 10 have managed to maintain a reasonable profitability level for holders during the bear market, ADA has been in free fall. Related Reading: Shiba Inu Update: 530% Spike In Shibarium Metric Could Trigger SHIB Recovery As a result of this, the tracker shows that the percentage of ADA investors seeing any kind of profit at this time has fallen to 0%. An alarming 95% of holders are reported to be seeing losses while 4% are sitting in neutral territory, meaning the prices at which these ..

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