Cardano's Native Token Emerges as Top Performer with 23% of Investors Holding for Over 5 Years

According to CryptoPotato, the cryptocurrency market has experienced a resurgence, with Bitcoin and other cryptocurrencies adding over $60 billion in a day. Cardano's native token, ADA, has emerged as the top performer. This comes as reports reveal that over 23% of all ADA investors have maintained their holdings for more than five years. Cardano's ecosystem has attracted some of the most significant believers in the project, its native token, and the overall future of the network. Even before the layer 1 blockchain had an actual product to display, investors were rallying behind it.
A recent analysis by IntoTheBlock shows that as of February 5, over 23% of all Cardano investors have held their ADA positions for more than five years, which is the largest percentage. 12% have maintained their stash within the past 3 to 5 years, while 16.74% have not sold any ADA in the past 18 to 24 months. 19.77% have entered and remained in the Cardano ecosystem in the last 6-12 months.
ADA's price performance in the past five years is also noteworthy. Five years ago, ADA traded at below $0.05, but just two years later, it had spiked by roughly 6,000% to its all-time high of over $3. This means that 23% of all ADA investors went through this massive increase and didn't sell. ADA now trades at $0.5, being up 11% on the day. This means that the asset is up by 900% in the past 5 years but is down by 85% since its all-time high marked in late 2021.