Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) have emerged as the top cryptocurrencies with the longest holding periods among investors, according to data from IntoTheBlock, an on-chain data analysis platform. This trend indicates a strong level of confidence in these digital assets. Let’s take a closer look at the most reliable cryptocurrencies based on their long-term holding periods.
According to IntoTheBlock’s analysis, Bitcoin takes the lead with an average holding period, or HODL period, of four years and four months. Ethereum follows closely behind with an average HODL duration of two years and four months. Both Dogecoin and Shiba Inu, which fall into the meme coin category, share the same average HODL period as Ethereum. Other cryptocurrencies like Chainlink, Toncoin, Tron, Cardano, Tether, and Avalanche also make it to the top ten list. This suggests that investors prefer to hold onto cryptocurrencies they trust for long-term performance.
The data from IntoTheBlock also reveals that a significant percentage of long-term Bitcoin investors are making profits. Currently, 95.19% of BTC holders are in profit, while 4.81% remain neutral. Among Dogecoin holders, 78.92% are profiting, 18.38% are at a loss, and 2.70% remain neutral. Shiba Inu investors report that 52.41% are in profit, while 43.41% are facing losses, and 4.18% are neither in profit nor loss. This indicates that investors who hold Shiba Inu for an average period of two years and four months are considered part of the long-term investor group. The fact that the price chart has not hit new annual lows further confirms positive medium-term expectations among investors.
Holding onto purchased assets for an extended period in the cryptocurrency market has proven to be profitable. Investors are not only holding onto leading coins like Bitcoin but also the largest meme coins for a significant amount of time. It is important to note that investing in cryptocurrencies comes with high volatility and risks, and investors should conduct their own research before making any investment decisions.