Cardano (ADA) has seen an increase in profit margins in its holding addresses despite its price falling below $1. According to IntoTheBlock, 60.9% of Cardano addresses are in profit, while 34.95% are experiencing losses. This is positive news for Cardano, which has struggled to regain $1 recently. Despite ADA being down by about 70% from its all-time high, the Cardano community remains bullish on its potential. On-chain analyst Ali Martinez believes the ongoing price correction could lead to a price surge of up to $6, while veteran trader Peter Brandt predicts a significant drop in price. This highlights the importance of conducting research for investors and traders to minimize potential losses.



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