Oldest Tokens on Coinbase

So which is the oldest token on Coinbase? Any Guesssssssssssssssssssssssssssssssssssss!!!

Is it Shiba Inu (SHIB)? Well, it is currently the second oldest token on Coinbase but not "the" oldest token. So, which one is it???

The oldest token on Coinbase and the one which is quite popular these days is Cardano (ADA).

This development is likely due to the release of SHIB: Metaverse and Shiba Inu's Burning Portal. Both developments help SHIB to accelerate even further.

Based on data provided by Coinbase, the ADA (Accessibility Law) has an average lifespan of 121 days , while SHIB held at 119 days.

Aside from Shiba Inu (SHIB) and Cardano (ADA), the only currency held for more than a hundred days is Bitcoin (BTC) . Bitcoin’s average holding period is 115 days , in 3rd place.

Ethereum (ETH) and Polka Dots (DOT) all have 86 -day retention periods . Dogecoin (DOGE) soon followed with an average of 81 days . Solana (SOL) is 78 days, while Avalanche (AVAX) is 36 days. USDC and Tether with 15 and 2 days respectively.

Throughout 2022, Shiba Inu saw a gradual increase in holdings. The average detention period for Shib at the beginning of the year was 51 days. By the end of January, it had increased to 1 days. Coinbase stated,

“The long retention period signals an accumulation trend. The short retention period shows an increase in token movement. ”

On Coinbase, Shiba Inu is very stable in terms of trading activity, with 65% buying and 35% going selling.

One study showed that most ADA sufferers all at a loss . The reason the ADA has been held for so long could be because traders are waiting for breakeven or profit before selling.

The same thing can happen to Shiba Inu. Shib released the burning portal and its metaverse. But both were not enough to push the token price.