Although the crypto industry has had a rather uncertain February, it seems that some cryptocurrencies from the industry definitely received good news during this period.
Looking at the most recent report published by CryptoCompare, one of these cryptocurrencies Cardano (ADA) It can be said that it is.
Long Term Plans on the Agenda at Cardano
Long term in the past month Cardano (ADA) % of the number of investors32 It also shows how much the confidence in the project has increased.
in January 2022 10% increasing number of long-term investors, % in December5.78 level had increased. A 32% increase in February definitely indicates that something is going on inside.
According to the aforementioned cryptocurrency report, the number of monthly transactions on the Cardano network decreased by 28% and fell to 2.73 million units last month.
The reason for this may be that the entry of the decentralized cryptocurrency exchange called SundaeSwap to the market has been a great disappointment.
The number of active wallet addresses on the network also dropped by 20%, and dropped to 129,000.
In fact, this shows that temporary investors and short-term investors are decreasing, but long-term investors are increasing. Although such situations may cause a short-term price decrease, in the long run, the future of the project may be better.
Cardano’s DeFi world continues to evolve, and a decentralized cryptocurrency exchange called Minswap has recently been launched.
*Not investment advice.