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Cardano Price Forecast: ADA suffers from $900 million loss realization as prices bounce near $0.34
Loss realization among Cardano (ADA) holders increased sharply in December, marking one of its heaviest capitulation months since 2023. Since the beginning of the month, investors have realized over $900 million in losses as of Friday. The move comes as bearish sentiment following the October 10 crash saw ADA erase all its gains from over the past 14 months. With prices plunging toward $0.35, all ADA investors are holding an average loss of 40%. Notably, investors who bought the token in the past 365 days are also experiencing losses of a similar size. As a result, most investors began cutting losses in December. On ... (full story)
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