• Latest
  • Trending
ADA holders can expect demand to kick in thanks to…

ADA holders can expect demand to kick in thanks to…

February 28, 2022
Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023
Spanish rehab center adds crypto trading addiction to services list

Spanish rehab center adds crypto trading addiction to services list

February 6, 2023
Dingo crypto token flagged as scam over 99% transaction fee backdoor

Dingo crypto token flagged as scam over 99% transaction fee backdoor

February 6, 2023
Bitcoin, Ethereum and select altcoins set to resume rally despite February slump

Bitcoin, Ethereum and select altcoins set to resume rally despite February slump

February 5, 2023
UK is ‘likely’ to need digital currency, says BoE and Treasury: Report

UK is ‘likely’ to need digital currency, says BoE and Treasury: Report

February 5, 2023
Starkware commits to open source its ‘magic wand’ Starknet Prover

Starkware commits to open source its ‘magic wand’ Starknet Prover

February 5, 2023
Visa’s crypto strategy targets stablecoin settlements

Visa’s crypto strategy targets stablecoin settlements

February 5, 2023
Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead?

Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead?

February 5, 2023
What is the global financial crisis and its impact on the global economy

What is the global financial crisis and its impact on the global economy

February 5, 2023
Bitcoin price may retest $20K on US CPI amid absence of soft landing — trader

Bitcoin price may retest $20K on US CPI amid absence of soft landing — trader

February 5, 2023
Monday, February 6, 2023
Retail
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis
No Result
View All Result
The Crypto Days
No Result
View All Result

ADA holders can expect demand to kick in thanks to…

by marcell.major
February 28, 2022
in ADA
0


Cardano (ADA) holders have kept on accumulating as the native token played in the discount zone. In the current market structure, the investors have taken advantage of price dips. Since December 2019, the price of ADA exploded to a $3 all-time high before entering a downtrend, affected by the wider cryptocurrency market.

Holding on 

Despite the given circumstances, the number of Cardano wallets, at press time, was on a linear rise. It rose by 3.66% since the beginning of February 2022. Growing from 299,241,7 on 1 February to 3,101,997 on 24 February. This represented a total increase of 109,580, according to the statistics on Cardano Blockchain Insights.

Source: Datastudio.google

Interestingly, a total of 4,565 new wallets have been added to the network on a daily basis since February 2022. On 4 February, Cardano wallet surpassed three million wallets of its native cryptocurrency ADA. These wallets are now active on the platform, up from just over 200,000 at the start of 2021.

YOU MAY ALSO LIKE

Special commemorative stamp, coin issued for 75th Independence Anniversary

Central Bank issues a Coin to mark 75th Independence Celebration of Sri Lanka – Adaderana Biz English

Metrics say this

According to data shared by IntoTheBlock, ADA holders have seemingly been unfazed by Russia’s military actions and their potential ramifications. In fact, they have kept on accumulating to the point that HODLers increased their position to more than 10 billion.

Regardless of the price action, @Cardano‘s holders remain strong.

The balance held by HODLERS- addresses holding >1 year, is at a multi-year high.

These HOLDERS increased their positions to 10.12b $ADA, the largest balance since December 11, 2019.https://t.co/JwHPqq3yKQ pic.twitter.com/s3eMIaE64L

— IntoTheBlock (@intotheblock) February 23, 2022

 

The firm’s data shows HODLers have accumulated more in the summer of last year when the price of ADA traded between $1.5 and $1. The data shows that every time the price fell below the $1 mark, investors bought the dip. However, Russia’s invasion of Ukraine, coupled with rising inflation, has seen the price of ADA plunge below that mark. Despite the drop, HODLers have kept on accumulating to now see their balances hit a multi-year high.

Interestingly, the #7 largest coin showcased a similar enthusiasm in its price. At the time of writing, ADA was trading at $0.89, with a fresh surge of 6% in the last 24 hours.





Source link

Tags: AdademandexpectHolderskick
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023

Recent News

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

February 6, 2023
BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

February 6, 2023
DeFi enjoys a prolific start to 2023: Finance Redefined

DeFi enjoys a prolific start to 2023: Finance Redefined

February 6, 2023

Categories

  • ADA
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market And Analysis
  • Regulation
  • XRP

Follow Us

Find Via Tags

Ada Altcoin Altcoins analysis Analyst BIG Binance Bitcoin blockchain BNB BTC Buy Cardano coin Cointelegraph crypto Cryptocurrency DOGE Dogecoin ETH Ethereum eyes FTX Heres Inu Investors Latest Litecoin LTC Market News Price rally Report Ripple SEC Shiba SOL Solana today Token Top trading week XRP

© 2021 The Crypto Days

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Altcoin
  • ADA
  • Dogecoin
  • Litecoin
  • XRP
  • Regulation
  • Market And Analysis

© 2021 The Crypto Days