🚀 Cardano (ADA) Reaches All-Time High, But Not in Price Yet! 🚀
Cardano, the 10th largest cryptocurrency by market cap, has hit a major milestone, but it’s not about ADA’s price. The percentage of ADA held by long-term holders has reached an all-time high, signaling strong community confidence.
🔑 Key Highlights:
• 40% of ADA Supply: Now held by long-term holders, the highest ever!
• 72% of ADA Holders Are Hodlers: Holding their ADA for over a year.
• 25% Are Cruisers: Holding ADA between one and twelve months.
• 3% Are Traders: Holding ADA for less than one month.
💡 What It Means for Cardano:
• Strong Community Faith: High percentage of long-term holders shows belief in Cardano’s future.
• Undervalued Potential?: Cardano settles around $7.2 billion daily in on-chain volume, with a low NVT ratio of 2.62, hinting that ADA might be undervalued.
• New Use Cases: Growth of hodlers likely driven by increasing use cases across the Cardano blockchain.
🔧 What’s Next?
• Chang #1 Hard Fork: Set to introduce governance to Cardano.
• Stake Pool Operator Progress: 67% of SPOs have upgraded to v9.1.0, moving closer to the hard fork threshold.
• Exchanges On Board: Many crypto exchanges have confirmed development work, with some signaling readiness.
🌟 Why It Matters:
- ADA holders are playing the long game, showing confidence in Cardano’s long-term potential and developments.
🔥 Stay tuned for more updates, and don’t forget to share if you find this information valuable! Your vote matters a lot to you and Me as well🔥
