This website uses cookies to ensure you get the best experience on our website


30th Dec 2020
CryptoAltum Research Team

67.4% of ADA coins Staked in Six months

Presently, the Cardano network only supports staking after the Shelley phase was activated six months ago. Following this, 67.4 percent of circulating ADA is now staked at different pools helping secure the platform from third-party attackers and decentralizing the platform as applicable in the Proof-of-Stake consensus algorithm.


While staking can be misconstrued to mean scarcity and therefore demand for ADA, the majority are staking their stash via centralized exchanges like Binance. With Steem and EOS wrangles proving a point to the centralization and nepotism that can arise from this arrangement, some analysts are skeptical of ADA prospects. Still, developments such as Goguen and smart contracting will likely propel prices even higher in the medium term.

Impact on the ADA Price: 

Bullish. Price pumps, in the case with Cardano, aren't necessarily caused by staking but mostly by on-chain developments and external factors such as dApp launches and more. Going forward, further development and tangentially, staking could prop ADA prices.

More market updates on our Blog 

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020