Based on data provided by IntoTheBlock, an on-chain data analysis platform, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) are the cryptocurrencies that stand out for having the longest holding periods among investors. This indicates that investors have strong confidence in these digital assets. Let’s take a look at the list of the most reliable cryptocurrencies based on their long-term holding periods.
Most Reliable Cryptocurrencies
According to the analysis by IntoTheBlock, Bitcoin, Ethereum, Dogecoin, and Shiba Inu are among the assets with the longest HODL (hold on for dear life) periods among cryptocurrency investors. Bitcoin ranks at the top with an 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 patiently hold onto cryptocurrencies they trust for their long-term performance.
Investor Performance
According to the data from IntoTheBlock, a significant percentage of Bitcoin investors who hold onto their investments for extended periods are making profits. Currently, 95.19% of BTC holders are in profit, while 4.81% are 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 in profit nor loss.
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 avoidance of new annual lows in the price chart confirms that medium-term expectations are positive among investors.
Holding onto purchased assets for an extended period in the cryptocurrency market can yield 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 should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.
