#CardanoPredictions
($ADA ) ๐#cardano , the 10th largest cryptocurrency by market cap, has hit a major milestone, but itโs not about ADAโs price.
The percentage of ADA held by long-term holders has reached an all-time high, signaling strong community confidence.
Key Highlights:
โข 40% of ADA Supply held by long-term holders, the highest ever!
โข 72%, Holders for over a year.
โข 25%, between one and twelve months.
โข 3% Are Traders, less than one month.
๐ก What It Means :
โข Strong Community Faith
โข Undervalued Potential?: Cardano settles around $7.2 billion daily in on-chain volume, with a low NVT ratio of 2.62, hinting that ADA might be undervalued.
โข New Use Cases: Growth of hodlers likely driven by increasing use cases across the Cardano blockchain.
๐ Why It Matters: - ADA holders are playing the long game, showing confidence in Cardanoโs long-term potential and developments.