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The number of wallets holding Cardano (ADA) has grown significantly since last year, with an increase of over 1600% since December 2020 from 186,000 to 3,200,000 addresses.
Another quick reminder: as of December 2020, there were 186,000 wallets, now we have over 3,200,000 wallets.
This is over 1600% growth. MEGA BULLISH TREND.
Unlike other projects such as DOGE, whose popularity has skyrocketed mainly due to Elon Musk, Cardano has had a steady organic growth. It was reinforced by the team’s developments, which increased the interest of both institutional and retail buyers.
In 2022, the Cardano ecosystem will undergo significant changes as the AadaFinance P2P lending protocol is launched in May.
It seems that so far the developers of ADA are more concerned about the functionality of the coin than its price.
As we get closer and closer to hyperinflation, we started with millions, then moved to billions, now we have trillions,” said Charles Hoskinson, creator and CEO of Cardano. “Soon enough, each of you will be a billionaire.
Hoskinson is confident that the current price of many cryptocurrencies is too high compared to their functionality.
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