Over the past week, Cardano’s supply in profit has declined by 3.55 billion ADA, bringing the total to 29.06 billion ADA. Simultaneously, the price of ADA has dropped by 13%, affecting the number of investors holding coins in profit.
The daily unique addresses on the Cardano network have seen an 81% decline, reflecting decreased network engagement. With the current market sentiment, ADA may face further price drops, potentially reaching $0.85, or it may rally back to $1.12.
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