Litecoin’s 2.6-Year HODL Time Ranks Second Behind Bitcoin

Bitcoin remains at the forefront regarding the lengthiest average holding duration. Nevertheless, one cryptocurrency has surpassed key assets like Ethereum in this regard, demonstrating its enduring allure for long-term investors.

Recent statistics gathered by IntoTheBlock indicate that Bitcoin boasts an “average HODL time” of 4.4 years, reinforcing its recognition as a long-term store of value, often termed “digital gold.”

Even though the largest cryptocurrency has not managed to regain a pivotal level or achieve a new all-time high, interest from both institutional and retail investors has surged, albeit the latter showing a more gradual increase.

Notably, close behind the “digital gold” is Litecoin, frequently dubbed the “silver to Bitcoin’s gold.” With an average holding period of 2.6 years, Litecoin investors have one of the highest durations of holding among digital currencies, second only to Bitcoin.

An intriguing trend is observed with Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB), all recording a comparable average holding period of 2.4 years, despite their distinct use cases and varying market perceptions.

This reflects the possibility that meme tokens might be maturing past their initial characterization as merely speculative instruments. Progressing through IntoTheBlock’s list, Chainlink (LINK) and Toncoin (TON) are each noted to have an average holding period of 1.9 years, while Tron (TRX) and Cardano (ADA) are marked at 1.2 years each.

The stablecoin Tether (USDT) and Avalanche (AVAX) exhibit the shortest holding durations at 8.9 and 7.7 months, respectively, which is understandable, considering USDT’s primary function as a trading pair and medium of exchange, rather than a vehicle for long-term investment.