A recent Analysis of on-chain data has revealed that the number of long-term holders (LTH) of Cardano (ADA) has increased by a staggering 170% over the past year. Long-term holders are investors who have held onto their coins for at least one year and are considered some of the most committed participants in the Market.
Comparing the number of LTH addresses across different cryptocurrencies, Bitcoin (BTC) currently has 33.6 million LTH addresses, showing a 17.6% increase in the past year. Ethereum (ETH), despite having a lower market cap, surpasses BTC in this metric with approximately 73.9 million LTHs, more than double the number of Bitcoin. Ethereum has also experienced a significant growth rate of 44.2% in this indicator.
Litecoin (LTC) has seen the most significant growth among the top assets in terms of LTHs, with a doubling of HODLers on its Blockchain in the past year. However, it still has a lower total number of LTHs at 4.9 million. Cardano emerges as the winner in terms of rapid growth, with LTHs increasing by over 170% and reaching a total count of 2.65 million. Chainlink (LINK) is the only cryptocurrency in the analysis that has experienced a decrease in the number of LTHs, with a decline of about 3%.
The increasing number of LTHs for Cardano and Litecoin can have positive implications for their prices. It indicates a growing tendency among investors to hold onto their Tokens for extended periods, which can contribute to price stability and potential future price appreciation. However, despite the positive LTH growth, Cardano’s price has already fallen towards the $0.26 level following a recent rally.
Overall, the analysis of LTH data provides insights into the behavior of committed investors in the cryptocurrency market and suggests potential trends in price movements for specific assets..
#LongTerm #Holders #Rise #Year
Comparing the number of LTH addresses across different cryptocurrencies, Bitcoin (BTC) currently has 33.6 million LTH addresses, showing a 17.6% increase in the past year. Ethereum (ETH), despite having a lower market cap, surpasses BTC in this metric with approximately 73.9 million LTHs, more than double the number of Bitcoin. Ethereum has also experienced a significant growth rate of 44.2% in this indicator.
Litecoin (LTC) has seen the most significant growth among the top assets in terms of LTHs, with a doubling of HODLers on its Blockchain in the past year. However, it still has a lower total number of LTHs at 4.9 million. Cardano emerges as the winner in terms of rapid growth, with LTHs increasing by over 170% and reaching a total count of 2.65 million. Chainlink (LINK) is the only cryptocurrency in the analysis that has experienced a decrease in the number of LTHs, with a decline of about 3%.
The increasing number of LTHs for Cardano and Litecoin can have positive implications for their prices. It indicates a growing tendency among investors to hold onto their Tokens for extended periods, which can contribute to price stability and potential future price appreciation. However, despite the positive LTH growth, Cardano’s price has already fallen towards the $0.26 level following a recent rally.
Overall, the analysis of LTH data provides insights into the behavior of committed investors in the cryptocurrency market and suggests potential trends in price movements for specific assets..
#LongTerm #Holders #Rise #Year
