What? Cardano Is The Worst Investment In 2023?

<p>&nbsp;"Don't look down, who knows the price of ADA will suddenly jump high."</p><p><br /></p><p>Cardano (ADA) has grown over the years to become one of the most popular cryptocurrencies, but its customers have been out of luck as its profitability has continued to plummet over the past two years.</p><p><br /></p><p>Through observation, ADA's performance is the worst compared to the top 10 other digital assets that managed to maintain their profit levels.</p><p><br /></p><p>The percentage of ADA investors who saw a profit at this time has dropped to 0% while the holders facing losses are around 95%, and 4% are reported to be neutral.</p><p><br /></p><p><br /></p><p>On the other hand, as many as 64% of BTC holders who have generated profits followed by 52% for Ethereum (ETH) and holders who have profited in the biggest memecoin Dogecoin (DOGE) are 41%.</p><p><br /></p><p>Back to ADA, 39% of all ADA investors have held the digital asset for a period of one to 12 months while 61% managed to hold it for more than one year.</p><p><br /></p><p>It is true that ADA saw relatively low profits, but the digital asset still managed to maintain its inflow where $0.43 million has flowed from institutional investors into ADA.</p><p><br /></p><p>According to crypto analyst Gara Szabo, ADA has the potential to reach $5 while the crypto market sees the next bullish movement while Hashtoshi sees its price capable of breaking through $3, which is the highest level it has ever reached in 2021.</p><p><br /></p><p>As of this writing, ADA price has plunged by 2.55% to $0.24 in the last 24 hours with a market cap of $8 billion further recording a decline of 3.56% over the last week.</p>