BlocksInform
The median holdback time that nasdaq-listed cryptocurrency base users hold on the cardano intelligent contract platform's native token ($ada), before selling or transferring it to a third-party address, 200 days or so.
Based on the price of the currency base, a typical shelf life for cardano users is now 194 days, and is well over other cryptocurrencies' typical holding time, including bitcoin ($btc) and ethereum ($eth).
The cryptocurrency bills on its page that a long holding time "signals a pattern of accumulation" while a short holding time "indicates increased movement of tokens." The typical holding time of Cardano on the exchange has in particular continued to increase since the addition of the functionality.
The price pages of the stock exchange show moreover that the cardano is the sixth most popular cryptocurrency on the platform, and cryptocurrency has been mentioned in 18,800 of the 1.86 million social media messages since February 14th, an increase in volume of 4.41 per cent.
While the exchange notes most users on social media are “mostly neutral” on the cryptocurrency, as $ADA has recorded its highest returns in 18 months in January of this year after its price rose 58.9% to $0.39. His performance has been the best he's seen since August 2021, making it one of the strongest assets in terms of performance among digital currencies.
According to CryptoCompare’s latest Asset Report, which details its performance saw it outperform the MVIS CryptoCompare Digital Assets 100 Index (MVDA), a market cap-weighted index that tracks the performance of the 100 largest digital assets that recorded a return of 31.7%.
The price of Cardano, CryptoCompare details, was accompanied by a surge in trading activity, with trading volumes on centralized exchanges up 158% to USD 9.87 billion. The surge marked the first increase in trading volume the cryptocurrency has seen in 13 months in a “much-needed rebound after hitting the lowest monthly trading volume since October 2020 in December 2022.”
The CryptoCompare report also indicates that in January, there was a 49.9% increase in the total locked-in value (DTV) on the Cardano blockchain to $99 million. This is the first TVL increase in six months and the most significant increase on the Cardano network since August 2022.
