Bitcoin continues to lead in terms of longest average holding period. However, one crypto asset has outperformed major assets such as Ethereum on this metric, underscoring its continued appeal among long-term investors.
According to the latest data compiled by IntoTheBlock, Bitcoin leads with an “average HODL time” of 4.4 years. This is consistent with the common perception of it as a long-term store of value, or “digital gold.”
Despite the world’s largest crypto asset failing to regain significant levels and set new all-time highs, both institutional and retail interest has soared, although the latter’s interest has slowed.
Interestingly, a close relative of “digital gold” is Litecoin, often referred to as “Bitcoin’s silver to gold.” The average holding period for Litecoin investors is 2.6 years, one of the longest holding periods of any digital asset after Bitcoin.
Another particularly interesting observation is that Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB) all share the same average holding period of 2.4 years, despite having very different use cases and market perceptions. It’s about being there.
This suggests that meme tokens may be evolving beyond their initial reputation as purely speculative assets. Moving down IntoTheBlock’s list, Chainlink (LINK) and Toncoin (TON) each have an average holding period of 1.9 years, while Tron (TRX) and Cardano (ADA) each have an average holding period of 1.2 years.
Stablecoins Tether (USDT) and Avalanche (AVAX) exhibit the shortest holding periods of 8.9 months and 7.7 months, respectively, although USDT is primarily used as a trading pair and medium of exchange rather than a long-term investment. This makes sense, considering that
Special Offer (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Receive an exclusive welcome offer of $600 on Binance when you register a new account using this link (more details).
Exclusive offer for 2024 on BYDFi Exchange: Welcome Reward up to $2,888. Register using this link and open a 100 USDT-M position for free!