Cardano (ADA) has firmly established itself in the top 10 of all cryptocurrencies for years. This does not change the fact that the price has undergone strong movements since the last bull market. Nevertheless, many Cardano investors appear to remain committed to their positions, suggesting an optimistic view of the future.
Almost a quarter of Cardano investors have held for 5 years
Of a on chain IntoTheBlock’s analysis has shown that a large group of Cardano holders have been firmly holding on to their positions for years.
IntoTheBlock was released on the social media platform today knowledge that 23 percent of all Cardano investors as of February 5th have remained loyal to their coins for more than 5 years, a remarkable number in the market.
Furthermore, it shows that 12 percent have retained their holdings in the last 3 to 5 years, while 16.73 percent have not sold any coins in the last 18 to 24 months. 19.77 percent have joined and stayed in the Cardano ecosystem in the last 6-12 months.
What is notable is that the majority of Cardano investors have held firm for at least 5 years without selling.
Cardano price development over the last 5 years
Over the last 5 years, Cardano’s share price has experienced quite a roller coaster ride. 5 years ago you could buy 1 ADA for just a few cents. Just two years later, in 2021, the Cardano price rose by more than 7,000 percent to an all-time high of over $3.
Subsequently, the bear market in 2022 dealt severe setbacks to the popular altcoin. In June last year a low of just under $0.22.
The fact that one in four investors have kept their coins under lock and key during this turbulent time shows how much confidence there is within the ecosystem in the project’s bright future.
In the last 24 hours, the price of Cardano has increased by more than 10 percent to over $0.53. To his current one All-time high To reach the price of $3.10, the price must increase by another 485 percent.