Cardano holders in red, more investors exploring Meme Moguls
The crypto market is very volatile and competitive. As a result, investors and analysts are constantly monitoring their tokens. Currently, there has been a significant shift in the market. Over 80% of Cardano (ADA) investors in loss appear to be moving their investments to a new crypto project, Meme Moguls (MGLS). Let’s see what Meme Moguls is all about. Cardano investors in loss Cardano, a platform touted as the Ethereum killer, rose to the spotlight in 2021. At the time, ADA prices rallied to an all-time high of $3.10. Unfortunately, the coin has since dropped, losing over 87.99%. According to CoinMarketCap, ADA is trading at $0.378, with a market capitalization of $13.3 billion. Moreover, the number of Cardano addresses in losses has risen to over 80%, according to IntoTheBlock. You might also like: THORChain hits year-high, spikes more than 15% in last 24 hours The drop in ADA prices can be due to factors such as regulatory uncertaint...