ADA and SHIB on Coinbase Are Superior to Other Cryptos
Navigasi - Users on the Coinbase crypto exchange, have a median holding time (MHT) of their Cardano (ADA) and Shiba Inu (SHIB) cryptocurrencies of more than 120 days. That MHT value is superior to most of the other crypto assets on Coinbase. Got stuck already?
|ADA and SHIB on Coinbase Are Superior to Other Cryptos|
The data is based on the prices page on the Coinbase website. It states, that the ADA crypto has a typical hold time of 121 days. This reflects that ADA users on Coinbase hold their assets for more than four months before “selling them or sending them to another account or address.”
Likewise, Shiba Inu (SHIB) have a typical holding time of 120 days. According to Coinbase, a long hold time “indicates an accumulation trend,” while a short hold time “indicates an increase in token movement (sell or move).”
Based on the typical hold times against ADA and SHIB this is found to be superior to the typical hold times of most of the other top crypto assets on Coinbase. Coinbase data shows that for Bitcoin (BTC), for example, the typical hold time is 115 days.
As for Ether (ETH) Ethereum, the typical hold time is 87 days, while the typical hold time for Dogecoin (DOGE) is 80 days. While Solana (SOL), 78 days.
Customers at Coinbase holding both ADA and SHIB reflect that they are keeping their crypto for months even in today's bear market, with a 38 percent decline in value for ADA and 31 percent for the latter since early 2022.
Predictably, the ADA hold period on Coinbase was contributed by the ADA staking feature which started last month, with rewards currently 3.75 per year.So, with the crypto market currently hovering around US$1.7 trillion and the dollar index hitting a record high, 103.9 January 2017, on Thursday (4/28/2022), volatility and uncertainty for other cryptocurrencies, including ADA and SHIB, absolutely undeniable.