Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin and Ethereum lead in longest holding periods

Bitcoin and Ethereum lead in longest holding periods

GrafaGrafa2024/10/25 02:51
By:Liezl Gambe

According to data from on-chain analysis platform IntoTheBlock, major cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and Shiba Inu (CRYPTO:SHIB) are showing the longest holding periods among investors. 

The report indicates that investors exhibit strong confidence in these digital assets, opting to hold onto them for extended durations. 

Bitcoin leads the list with an average holding period of four years and four months, signaling long-term trust among its holders. 

Ethereum follows closely, with investors holding it for an average of two years and four months. 

Dogecoin and Shiba Inu, both categorized as meme coins, share a similar average holding period with Ethereum. 

Other digital assets in the top ten include Chainlink (CRYPTO:LINK), Toncoin (CRYPTO:TON), Tron (CRYPTO:TRX), Cardano (CRYPTO:ADA), Tether (CRYPTO:USDT), and Avalanche (CRYPTO:AVAX), reflecting investor patience in various sectors of the crypto market. 

The performance of these cryptocurrencies also highlights the benefits of holding assets long-term. 

According to IntoTheBlock’s analysis, 95.19% of Bitcoin holders are currently in profit, while only 4.81% are at break-even or experiencing losses. 

Dogecoin investors show that 78.92% are profitable, with 18.38% reporting losses. 

Shiba Inu investors are split, with 52.41% profiting and 43.41% facing losses. 

Despite these variations, Shiba Inu investors’ average holding period of over two years suggests confidence in the asset’s future. 

The data suggests that investors remain optimistic about the long-term prospects of these cryptocurrencies. 

Shiba Inu, in particular, is noted for avoiding new annual lows, reinforcing positive medium-term expectations among its holders. 

The findings reveal a consistent trend of long-term holding behavior, not only for well-established cryptocurrencies like Bitcoin and Ethereum but also for popular meme coins. 

According to IntoTheBlock, this behavior indicates strong investor confidence and highlights the value of a patient approach in the volatile crypto market.

At the time of reporting, the Bitcoin price was $67,835.57, and the Ethereum price was $2,522.03.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

241127: Trump’s Crypto Plan: SEC’s Role Diminishes as CFTC Steps In

Donald Trump's administration is reportedly considering shifting crypto regulation to the Commodity Futures Trading Commission (CFTC), potentially reducing the Securities and Exchange Commission's (SEC) role. The move could grant the CFTC oversight of crypto spot markets and exchanges for digital a

Bitget Academy2024/11/27 05:24