According to IntoTheBlock, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB) have emerged as the cryptocurrencies with the longest average holding periods, a sign of strong investor confidence.
Bitcoin tops the list with an average hold time of four years and four months, demonstrating the steadfastness of BTC investors.
Ethereum, along with meme coins Dogecoin and Shiba Inu, follows closely with an average holding time of two years and four months each, highlighting the surprising long-term commitment to even the most speculative assets.
Other notable cryptocurrencies making the top ten include Chainlink (LINK), Toncoin (TON), Tron (TRX), Cardano (ADA), Tether (USDT), and Avalanche (AVAX), with average holding times ranging from eight months to nearly two years.
Long-term Bitcoin investors have fared well, with over 95% of BTC holders in profit. Dogecoin holders also saw substantial gains, with nearly 79% of addresses “in the money.”
Shiba Inu holders, though newer to the scene, show remarkable patience with an average hold time matching Ethereum’s, though only about 52% of SHIB holders are currently profitable. Despite the mixed results, these holding patterns reflect a significant level of trust in these top digital assets.
Bitcoin is firmly trading above the $100,000 level, drawing renewed optimism from investors while also raising caution among analysts watching for potential turbulence ahead.
Healthcare logistics firm Wellgistics is taking a major step into crypto by integrating XRP as both a treasury reserve and a foundation for real-time payments.
Metaplanet has stepped up its commitment to Bitcoin by securing $21.25 million through its latest bond offering, the company’s 14th in a series of ongoing capital raises tied to its aggressive crypto strategy.
Bitcoin has reached a major benchmark in its battle against traditional financial benchmarks, with its value relative to the S&P 500 hitting a record high of 17.725 on May 8.