Recent analysis from IntoTheBlock highlights the enduring confidence of cryptocurrency holders in key digital assets. The data reveals that Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) boast the longest holding periods among investors, suggesting a robust trust in these currencies.
Which Cryptocurrencies Are Most Trusted?
The findings underscore that Bitcoin leads with an impressive average holding period of four years and four months. Following closely is Ethereum, with average holdings lasting two years and four months, while both Dogecoin and Shiba Inu match Ethereum in HODL duration. Other notable cryptocurrencies such as Chainlink, Toncoin, and Cardano also make the top ten list, indicating a trend of long-term commitment among cryptocurrency enthusiasts.
How Profitable Are These Investments?
Data indicates that long-term investors see substantial returns, with 95.19% of Bitcoin holders currently profiting. Dogecoin investors fare well too, with 78.92% in profit. However, Shiba Inu shows a mixed picture, with only 52.41% of its holders making gains, while a significant portion records losses.
- Long-term holding yields consistent profits.
- Bitcoin and major meme coins maintain investor loyalty.
- HODL strategies prove beneficial in volatile markets.
The tendency to retain assets over long periods reflects strategic foresight among holders, particularly in an unpredictable market. This commitment not only applies to major cryptocurrencies but also extends to popular meme tokens.