Posts

Showing posts with the label Cardano (ADA) News 2023

The most unprofitable cryptocurrencies (ADA, MATIC, AVAX)

Image
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...

Bitcoin's bearish trend: why cryptocurrencies have fallen in price so sharply

Image
Crypto markets have finally come around: in recent weeks, a change in the price of major cryptocurrencies by even 5% was far from a frequent occurrence. But over the past seven days, the value of bitcoin has plummeted by more than 10%. Bitcoin After several weeks of low volatility, when the price of bitcoin practically did not change, the value of the first cryptocurrency collapsed by 10% at once. Almost the entire week was spent in the red zone, and the biggest fall was on Thursday, August 17, when BTC fell by more than 7%. Bitcoin Chart The first negative factor of such dynamics of the world's first cryptocurrency by capitalization was the news that Elon Musk's company Space X sold its savings in BTC in the amount of $373 million. The amount itself is significant, so even private investors, having learned about the sale, could quickly get rid of their bitcoins in a panic. Another catalyst for negative dynamics could be the publication of the minutes of the July meeting ...