The Resurgence of the Crypto Market
The crypto market has experienced a revival following recent price declines and subsequent stagnation. In just one day, Bitcoin and the rest of the market have gained over $60 billion in value. However, among all the cryptocurrencies, Cardano’s native token has emerged as the top performer.
Cardano Investors Remain Committed
A notable statistic has come to light – more than 23% of ADA investors have held onto their tokens for over five years. This suggests that there is a significant number of long-term believers in Cardano’s ecosystem, its native token, and the overall future of the network. Even before the layer 1 blockchain had a tangible product, investors were showing their support.
An Analysis by IntoTheBlock
An analysis conducted by IntoTheBlock reveals some interesting insights. As of February 5th, over 23% of Cardano investors have held their ADA positions for more than five years, making it the largest percentage. Additionally, 12% have maintained their holdings for 3 to 5 years, while 16.74% have not sold any ADA in the past 18 to 24 months. Furthermore, 19.77% entered and remained in the Cardano ecosystem within the last 6-12 months.
Hot Take: Cardano’s Strong Investor Base
Cardano’s native token ADA has proven to be resilient amidst recent market fluctuations. With over 23% of investors holding onto their tokens for more than five years, it is evident that there is a strong and committed investor base behind Cardano’s project and future prospects. This level of confidence bodes well for the long-term success and stability of Cardano’s ecosystem.
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