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Showing posts from September, 2023

The most unprofitable cryptocurrencies (ADA, MATIC, AVAX)

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According to IntoTheBlock , over 90% of Cardano, Polygon and Avalanche cryptocurrency holders are in a losing position. Cardano (ADA) IntoTheBlock data shows that 95% of Cardano (ADA) investors have remained in a loss. At the same time, 4% of holders find themselves in a break-even position, and early Cardano holders stopped receiving income at all (0%). The majority of ADA holders, over 60%, are long-term holders who have owned Cardano cryptocurrency for a year or more. Polygon (MATIC) 96% of Polygon (MATIC) holders are in minus. 0% of Polygon investors have a breakeven position. Only 4% of early MATIC holders are making a profit on their investment in the asset. 59% of holders have kept their crypto assets for more than a year. According to IntoTheBlock, 85% of Polygon's traded shares are in the hands of large holders, and none of the investors are getting returns from investing in MATIC. Avalanche (AVAX) Avalanche (AVAX) ranks 19th in market capitalization, accordi

The Phantom Cardano and the prophecies

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Why is the ADA coin not growing in value and why are the prophecies predicting Cardano's rise to Olympus not coming true? Cardano is a public blockchain platform. Cardano's internal cryptocurrency is called ADA. It works on the Proof-of-stake (PoS) protocol. The development of Cardano began in 2015 under the leadership of Ethereum co-founder Charles Hoskinson. Cardano was first introduced to the public in 2017. After the launch of Cardano (ADA), it was predicted to rise to $10. But the price fell a little short of $1, and then fell below $1. The prophecy didn't come true. In 2020, the prices of various cryptocurrencies began to gradually rise. Cardano (ADA) was predicted to rise to $2 to $3, but the price has remained in the range of a few cents. The prophecy didn't come true. In 2021, the Bull Run began. Bitcoin rose to $60,000 and the price of Cardano (ADA) rose to just $2.9. The prophecy didn't come true. On January 31, 2023, blockchain platform developers