$ADA holders are now more convinced in the future of the asset as the number of long-term holders is on the rise
holders has undergone a significant change, with the majority of investors holding onto their assets for more than a year. This shift toward long-term holding indicates increased confidence in the project and its potential for future growth.
tokens for extended periods, the circulating supply is effectively reduced, which can create a favorable supply-demand balance and potentially lead to higher token value.Moreover, long-term holding can also be seen as a vote of confidence in the project's development and its future potential. As Cardano continues to roll out updates and expand its ecosystem, long-term holders are more likely to remain committed to the project and support its growth.
The change in the composition of Cardano holders, with the majority now holding their investments for more than a year, can have a positive impact on the project's market performance. Long-term holding provides stability to the market, reduces price fluctuations and signals investor confidence in Cardano's development and future potential.
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