Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Data tips on chains Bitcoin to peak at $ 120,000

2025-05-18

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Will Cardano regain major shareholder confidence as earnings fall
Altcoins

Will Cardano regain major shareholder confidence as earnings fall

2023-07-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The number of major holders declined amid the worrying drop in token value.
  • Market participants began to gain confidence in an optimistic outlook as indicators provided some support for sentiment.

from Cardano [ADA] 41.66% 365 days of decline may be the least of holders’ concerns, despite progress in development activities. Aside from that, and the 90.78% uptake from the All-Time High (ATH), the number of major ADA holders has been reduced.


Is your wallet green? Check the Cardano Profit Calculator


Hope for the long term

According to IntoTheBlock, the concentration of ADA by large holders had fallen to 32%. This drop suggests that whales’ confidence in the token could decline. This was mainly because 30.15% of large trades have produced bearish results in recent times.

ADA holders in profit and loss

Source: IntoTheBlock

Its price performance is expected to have caused only 8% of ADA holders to make a profit. With only 2% at break-even, 88% have had to deal with it to lose. So, what hopes do the current holders have?

Well, the four-hour ADA/USD chart showed that the token could hang in the bearish state in the short term. This was because the 50 EMA (yellow), despite being close to the 20 EMA (blue), was above the latter.

Usually such a circumstance indicates a possible bearish dominance. But for holders who still seem committed to ADA, a reprieve may be imminent. This was because the 200 EMA (purple) was above the 50 EMA.

Usually this indicates that ADA tends to create a new uptrend, which in turn could translate into a sustained rally.

See also  MKR hits yearly high of $1,600, what's next?

Meanwhile, the Know Sure Thing (KST) indicator showed that ADA’s downside momentum could grow. So opening long positions at the price of the token at the time of writing could mean you prefer less profitable trades.

Cardano [ADA] price action

Source: TradingView

Revival may not be far off

Despite the disappointing price action from ADA, Santiment esteemed Cardano as one of the projects with impressive traction lately.

In addition, the on-chain analytic platform also showed that ADA’s weighted sentiment has improved. Through June 9, the weighted sentiment was -3.057.

Weighted sentiment takes into account the unique commentary on a project on social platforms. When the statistic rises, it means that optimism has returned, as was the case with ADA.


Read from Cardano [ADA] Price prediction 2023-2024


But if it decreases, it means the comments were average pessimistic. Another metric to review was the funding rate on Binance. Financing rates are periodic amounts of an asset paid between long and short traders based on the difference between perpetual contracts.

At the time of writing, ADA’s funding rate was -0.006%. This usually happens when the average margin trend is negative. Therefore, traders who take positions opposite to the prevailing market trend receive compensation from those who align with the trend.

ADA funding rate and weighted sentiment

Source: Sentiment

Source link

Cardano Confidence Earnings Fall Major regain shareholder
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Flow proposes bridging to Ethereum via ‘gateway’

2023-10-09

Solana’s Stablecoin Supply sticks with $ 106 million: can this be a rally driving?

2025-04-01

Algorand DeFi Is Booming. Here’s Why

2022-10-14
Editors Picks

Lido weakens further: Late sellers, consider these levels

2023-07-30

Solana ETF is ‘closer’, but is Sol unaffected? Analysts say …

2025-03-18

US Dollar to fall considerably against the Chinese Yuan in the midst of trade negotiations, according to Goldman Sachs: report

2025-05-13

Trader Who Called the Crypto Collapse of 2021 Says Bitcoin Is in Official Bull Market Territory – Here’s Why

2023-11-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Data tips on chains Bitcoin to peak at $ 120,000

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$105,139.861.80%
  • ethereumEthereum(ETH)$2,433.84-1.75%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.391.07%
  • binancecoinBNB(BNB)$644.390.39%
  • solanaSolana(SOL)$167.830.49%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2259884.49%
  • cardanoCardano(ADA)$0.74-0.06%
  • tronTRON(TRX)$0.263138-2.77%
  • suiSui(SUI)$3.800.73%
  • chainlinkChainlink(LINK)$15.440.54%
  • avalanche-2Avalanche(AVAX)$22.390.48%
  • stellarStellar(XLM)$0.2878530.15%
  • hyperliquidHyperliquid(HYPE)$26.390.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.90%
  • hedera-hashgraphHedera(HBAR)$0.1941441.11%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-2.49%
  • bitcoin-cashBitcoin Cash(BCH)$398.460.91%
  • the-open-networkToncoin(TON)$3.07-0.21%
  • litecoinLitecoin(LTC)$99.042.52%
  • polkadotPolkadot(DOT)$4.650.79%
  • moneroMonero(XMR)$338.100.44%
  • bitget-tokenBitget Token(BGB)$5.184.28%
  • pepePepe(PEPE)$0.0000137.93%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.757.21%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.913.00%
  • bittensorBittensor(TAO)$415.92-1.27%
  • aaveAave(AAVE)$223.490.34%
  • nearNEAR Protocol(NEAR)$2.752.07%
  • aptosAptos(APT)$5.07-0.11%
  • okbOKB(OKB)$52.77-0.86%
  • ondo-financeOndo(ONDO)$0.931.24%
  • kaspaKaspa(KAS)$0.1094860.06%
  • internet-computerInternet Computer(ICP)$5.190.34%
  • ethereum-classicEthereum Classic(ETC)$18.200.37%
  • gatechain-tokenGateToken(GT)$21.630.06%
  • crypto-com-chainCronos(CRO)$0.097612-0.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.921.43%
  • mantleMantle(MNT)$0.731.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2363701.44%
  • vechainVeChain(VET)$0.0282901.72%
  • render-tokenRender(RENDER)$4.560.21%
  • ethenaEthena(ENA)$0.3777437.20%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2217612.34%
  • filecoinFilecoin(FIL)$2.841.53%
  • cosmosCosmos(ATOM)$4.842.21%
  • bitcoinBitcoin(BTC)$105,139.861.80%
  • ethereumEthereum(ETH)$2,433.84-1.75%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.391.07%
  • binancecoinBNB(BNB)$644.390.39%
  • solanaSolana(SOL)$167.830.49%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2259884.49%
  • cardanoCardano(ADA)$0.74-0.06%
  • tronTRON(TRX)$0.263138-2.77%
  • suiSui(SUI)$3.800.73%
  • chainlinkChainlink(LINK)$15.440.54%
  • avalanche-2Avalanche(AVAX)$22.390.48%
  • stellarStellar(XLM)$0.2878530.15%
  • hyperliquidHyperliquid(HYPE)$26.390.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.90%
  • hedera-hashgraphHedera(HBAR)$0.1941441.11%
  • unus-sed-leoUNUS SED LEO(LEO)$8.72-2.49%
  • bitcoin-cashBitcoin Cash(BCH)$398.460.91%
  • the-open-networkToncoin(TON)$3.07-0.21%
  • litecoinLitecoin(LTC)$99.042.52%
  • polkadotPolkadot(DOT)$4.650.79%
  • moneroMonero(XMR)$338.100.44%
  • bitget-tokenBitget Token(BGB)$5.184.28%
  • pepePepe(PEPE)$0.0000137.93%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.757.21%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.913.00%
  • bittensorBittensor(TAO)$415.92-1.27%
  • aaveAave(AAVE)$223.490.34%
  • nearNEAR Protocol(NEAR)$2.752.07%
  • aptosAptos(APT)$5.07-0.11%
  • okbOKB(OKB)$52.77-0.86%
  • ondo-financeOndo(ONDO)$0.931.24%
  • kaspaKaspa(KAS)$0.1094860.06%
  • internet-computerInternet Computer(ICP)$5.190.34%
  • ethereum-classicEthereum Classic(ETC)$18.200.37%
  • gatechain-tokenGateToken(GT)$21.630.06%
  • crypto-com-chainCronos(CRO)$0.097612-0.45%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.921.43%
  • mantleMantle(MNT)$0.731.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2363701.44%
  • vechainVeChain(VET)$0.0282901.72%
  • render-tokenRender(RENDER)$4.560.21%
  • ethenaEthena(ENA)$0.3777437.20%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.2217612.34%
  • filecoinFilecoin(FIL)$2.841.53%
  • cosmosCosmos(ATOM)$4.842.21%