ADA holders can expect demand to increase thanks to…

Cardano (ADA) holders have continued to collect the original token played in the discount zone. In the current market structure, investors have benefited from price dips. Since December 2019, ADA’s price has exploded to an all-time high of $3 before slipping into a downtrend influenced by the broader cryptocurrency market.

To hold

Despite the circumstances, the number of Cardano portfolios had increased linearly at the time of writing. It is up 3.66% since early February 2022. From 299,241.7 on February 1 to 3,101,997 on February 24. This represented a total increase of 109,580, according to the statistics on Cardano Blockchain Insights.

Source: datastudio.google

Interestingly, a total of 4,565 new wallets have been added to the network daily since February 2022. On February 4, the Cardano wallet surpassed the three million wallets of its native cryptocurrency ADA. These wallets are now active on the platform, up from just over 200,000 in early 2021.

Statistics say this

According to data shared by IntoTheBlock, ADA holders are seemingly unfazed by Russia’s military actions and its potential repercussions. In fact they have kept accumulating to the point that HODLers increased their position to over 10 billion.

The company’s data shows that HODLers accumulated more in the summer of last year, when the price of ADA traded between $1.5 and $1. The data shows that every time the price fell below $1, investors bought the dip. However, the Russian invasion of Ukraine, coupled with rising inflation, has pushed the price of ADA below that limit. Despite the decline, HODLers have continued to accumulate only to now see their balance reaching a multi-year high.

Interestingly, the #7 largest coin showed similar enthusiasm in its price. At the time of writing, ADA was trading at $0.89, with a new golf of 6% in the last 24 hours.

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