As a seasoned analyst with over a decade of experience in the financial markets, I’ve seen my fair share of trends and fads come and go. However, the longevity of investment in Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) by crypto investors is truly intriguing.
As reported by market intelligence platform IntoTheBlock, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) are the cryptocurrencies being held for the longest periods. This suggests that crypto investors have a high level of confidence in these coins.
Bitcoin, Dogecoin, And Shiba Inu Top The List Of HODL Period
According to a recent post on X, IntoTheBlock found that when it comes to cryptocurrencies, Bitcoin, Ethereum, Dogecoin, and Shiba Inu have the longest holding periods among crypto investors. The graph indicates that Bitcoin holders typically keep their investment for an average of four years and four months.
It’s worth noting that Ethereum ranks second, with a typical holding period of approximately two years and four months. Interestingly, this holding duration is similar for the popular meme coins, Dogecoin and Shiba Inu, as both also have an average holding period of two years and four months.
The top 10 cryptocurrencies include Chainlink (LINK), Toncoin (TON), Tron (TRX), Cardano (ADA), Tether (USDT), and Avalanche (AVAX). On average, investors have held onto Chainlink and Toncoin for nearly two years, while the holding period for Ton and Cardano is approximately one year and two months. Tether and Avalanche are typically kept by investors for around eight and seven months each.
How Their Holders Have Fared
According to IntoTheBlock’s data analysis, it has been advantageous for Bitcoin investors who have held onto their BTC for this duration, as 95.19% of them are presently earning a profit, and an additional 4.81% are breaking even.
Individuals who have owned the primary cryptocurrency, Bitcoin, for an average period of about four years and four months, might find themselves in a profitable position as the present Bitcoin price seems to be close to the peak reached during the 2021 bull run market.
Approximately 79% of Dogecoin’s active addresses (about 4.99 million) are currently holding the cryptocurrency at a price higher than what they originally paid, also known as being in the money. On the other hand, about 18% and 2.7% of these holders are either just breaking even or slightly underwater, respectively. Investors who are currently profiting from Dogecoin purchased the meme coin when its price was $0.11 or less.
Owners of Shiba Inu coins can be referred to as ‘true long-term investors’, given that the meme token debuted in 2021, yet its average holding period stands at approximately 2 years and 4 months. This suggests that a significant number of individuals who initially purchased the coin continue to hold their investments.
Conversely, it seems that Shiba Inu holders’ faith hasn’t yet proven beneficial, as only about 52.41% (or approximately 588,810) of the total SHIB wallets are currently showing a profit. On the other hand, around 43.41% and 4.18% of these SHIB holders find themselves in situations where they haven’t made a return, or their investment is at break-even point, respectively.
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2024-10-24 18:18