According to the market intelligence platform IntoTheBlock, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) have emerged as the coins with the longest holding period. This is significant because it indicates that crypto investors have the most faith in these coins.
Bitcoin, Dogecoin, And Shiba Inu Top The List Of HODL Period
IntoTheBlock revealed in an X post that the top cryptocurrencies, Bitcoin, Ethereum, Dogecoin, and Shiba Inu, top the list for the longest holding period for different assets among crypto investors. The chart showed that Bitcoin is number one with an average HODL time of four years and four months by BTC investors.
Ethereum comes in second place with an average HODL time of two years and four months. Interestingly, the top meme coins, Dogecoin and Shiba Inu, are on par with Ethereum, as they also have an average HODL time of two years and four months.
Chainlink (LINK), Toncoin (TON), Tron (TRX), Cardano (ADA), Tether (USDT), and Avalanche (AVAX) complete the top ten list. Crypto investors have held Chainlink and Toncoin for an average of one year and nine months, Ton and Cardano for an average of one year and two months, and Tether and Avalanche for an average HODL time of eight and seven months, respectively.
How Their Holders Have Fared
IntoTheBlock data shows that betting on Bitcoin has been profitable for those who have held it this long. All BTC holders are currently either in the money or at the money—specifically, 95.19% of these holders are currently in the money, while 4.81% are at the money.
Investors who have held the flagship crypto for the average hold time of four years and four months most likely fall under those who are in the money since the current Bitcoin price is around the 2021 bull run market top.
For Dogecoin, 78.92% of DOGE addresses (4.999 million) are currently in the money, while 18.38% and 2.70% of these holders are out of and at the money, respectively. DOGE investors who are currently in profit bought the meme coin while the Dogecoin price was at $0.11 or below.
Shiba Inu holders can be termed as the real ‘Diamond Hands’ considering that the meme coin launched in 2021 and already has an average HODL time of 2 years and four months. This indicates that most investors who bought the meme coin around when it launched still hold their coins.
However, these Shiba Inu holders’ convictions haven’t exactly paid off, as only 52.41% of SHIB addresses (588,810) are in profit. Meanwhile, 43.41% and 4.18% of these SHIB addresses are out of and at the money, respectively.
The post Bitcoin, Dogecoin, And Shiba Inu Have The Longest HODL Period: IntoTheBlock appeared first on CoinGape.
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