According to data provided by IntoTheBlock, a platform for on-chain data analysis, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) are the cryptocurrencies that investors hold onto the longest. This indicates that cryptocurrency investors have a strong belief in these digital assets. Let’s explore the list of the most trustworthy cryptocurrencies based on their long-term holding periods.
Most Trustworthy Cryptocurrencies
IntoTheBlock’s analysis reveals that Bitcoin, Ethereum, Dogecoin, and Shiba Inu are among the assets with the longest HODL (Hold On for Dear Life) periods among cryptocurrency investors. Bitcoin has the highest average HODL period of four years and four months.
Ethereum holds the second position with an average HODL duration of two years and four months. Both Dogecoin and Shiba Inu have the same average HODL period as Ethereum, as they belong to the meme coin category. Other cryptocurrencies like Chainlink, Toncoin, Tron, Cardano, Tether, and Avalanche also feature in the top ten list. Investors tend to hold onto cryptocurrencies they trust for their long-term performance.
Investor Performance
According to IntoTheBlock data, 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 at a loss, and 4.18% are neither profiting nor losing.
Shiba Inu investors, with an average HODL period of two years and four months, are highlighted as one of the long-term investor groups. The fact that the price chart has not reached new annual lows confirms positive medium-term expectations among investors.
Holding onto purchased assets for an extended period in the cryptocurrency market leads to profits. Investors have been holding not only leading coins like Bitcoin but also the largest meme coins for a long time.
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Disclaimer: The information provided in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. They should conduct their own research.
