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Users of the Nasdaq-listed cryptocurrency exchange Coinbase keep Cardano&#39;s native token ($ADA) for over 200 days before selling or moving it.According to Coinbase&#39;s price website, Cardano investors&#39; average hold time is 194 days, far longer than Bitcoin ($BTC) and Ethereum ($ETH).The cryptocurrency exchange states on its platform that a long hold time &#34;signals an accumulating trend&#34; while a short hold time &#34;indicates increasing token movement.&#34; With adding the option, Cardano&#39;s exchange hold time has increased.Cardano is the 6th most popular cryptocurrency on the exchange&#39;s price pages and was referenced in 18,800 out of 1.86 million social media postings since February 14, a 4.41% rise in volume.The exchange states that most social media users are &#34;largely impartial&#34; about $ADA, which had its greatest returns in 18 months in January after rising 58.9% to $0.39. Its performance was the best since August 2021, making it one of the top digital currencies by performance.In CryptoCompare&#39;s latest Asset Report, it outperformed the MVIS CryptoCompare Digital Assets 100 Index (MVDA), a market cap-weighted index that monitors the 100 largest digital assets, which returned 31.7%.CryptoCompare reports that Cardano&#39;s trading volumes on centralized exchanges rose 158% to $9.87 billion during its price rise. The cryptocurrency saw its first trading volume gain in 13 months in a “much-needed bounce after recording the lowest monthly trading volume since October 2020 in December 2022.”In January, Cardano&#39;s Total Value Locked (TVL) rose 49.9% to $99 million, according to CryptoCompare. This was the first TVL increase in six months and the highest on Cardano since August 2022.

Diamond Hands: Cardano ($ADA) Median Hold Time on Coinbase Nears 200 Days

ItsBitcoinWorld

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