Cardano Profitability Plunges To 35%, Bitcoin And Dogecoin Make Investors Smile
For many investors who invested in Cardano (ADA), losses have been the order of the day, with only 35% of its investors currently in profit.Meanwhile, investors in Bitcoin (BTC), Dogecoin (DOGE), and
ETFSwap (ETFS) are smiling to the bank as their prices sugre.
Bitcoin (BTC) And Dogecoin (DOGE) See High Profitability
Cardano (ADA) seems to be the odd one out compared to the other top layer 1 networks, including Bitcoin (BTC), Tron (TRX), Dogecoin (DOGE), Ethereum (ETH), and Avalanche (AVAX).According to the analytics report
shared on April 24, 2024, by IntoTheBlock, a blockchain analytics platform, only approximately one-third of Cardano investors are seeing a profit.
Bitcoin (BTC), of course, takes the top spot at 86%
profitability, and even the meme coin Dogecoin (DOGE) sits in third place with an impressive 83%.This means it’s all smiles for investors who have invested in both Bitcoin (BTC) and Dogecoin (DOGE).
Cardano (ADA) Current Price Analysis
Cardano (ADA) is one of the biggest losers in this year’s crypto market.When its 20% drop since the year’s turn is considered, it makes the current numbers even more shocking.
On the daily and monthly charts, Cardano (ADA) has also recorded more declines.Within the last 48 hours, it has seen a 6.42%
drop and a bigger 32.01% over the last 30 days.
This constant wave of downtrends has plunged its holders into terrible losses.Cardano (ADA) appears lowest on the list in the report with profitability of just 35% – a shockingly curious exception for analysts as well as its investors.
However, Cardano (ADA) made a fair rebound over the past week as it gained by 32% over this past week and is currently trading
at $0.4672.
Investors Are Already Eyeing ETFSwap (ETFS)
ETFSwap is a new crypto trading platform that is revolutionising the financial sector by challenging the status quo and incorporating cryptocurrencies into the once elusive and exclusive ETF ecosystem.
It is a game-changing decentralized platform that enables investors to exchange their cryptocurrencies for exchange-traded funds (ETFs).ETFSwap enabled not just a few but a host of different ETFs in a variety of sectors, including technology, health, transportation, oil, and gas, as well as crypto.
Investors can choose between any of these different available ETFs based on their preferences and market patterns.
ETFS is the native coin of the trading platform ETFSwap which allows investors in its ecosystem to seamlessly trade different exchange-traded funds.The platform comes with a new tokenomics strategy designed not just to fuel its ecosystem but to build up a vibrant community of stakeholders on the platform.Its tokenomics are crafted to be fair, inclusive and align with investor incentives.
40% of the supply is already reserved for public sale.It’s a significant number that enthusiasts and early investors can cash in on at the token’s start.ETFS is built to be deflationary, which can help maintain its price and compete well with other tokens available in the market by constantly reducing its supply.
Holders of ETFS get not just the coin but also governance rights so they can also participate in the token’s future as well as a chance to earn up to 87% Annual Percentage Rate (APR) yield.The platform also allows ETFS tokens to be staked so investors can earn a passive income and also support the entire ecosystem.
Investors believe that the ETFS is a cheaper option that is also better in the long-term first because of its impressive tokenomics and also because it enables passive investment, low-cost diversification and an easy-to-use trading process.
Success stories are plenty in the cryptocurrency market and all it takes to make it is taking a chance on a single coin.
Through this, many investors have made generational wealth.Every investor that has participated in buying the over 35 million ETFSwap (ETFS) tokens at $0.00854 already sold in stage 1 of its presale is expected to make a profit once the presale moves into its second stage at a price of $0.01831.
For more information about the ETFS Presale:
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