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In 2024, Ethereum saw a significant increase in long-term holders (HODLers), reflecting increased investor confidence. This trend contrasts with the decrease in bitcoin holders, indicating promising prospects for Ethereum in 2025 and significant implications for the crypto market.
Crypto: HODLers explode on Ethereum in 2024
The crypto market has experienced significant changes this year, notably a notable increase in the number of long-term holders of Ethereum (ETH). According to recent data, the proportion of HODLers on Ethereum rose from 59% in January to 75% by the end of the year. In contrast, Bitcoin (BTC) saw its proportion of holders decrease from 70% to 62% during the same period.
Several factors explain this increase in ETH HODLers. First, Ethereum continued to evolve with important upgrades to its network, such as improved efficiency and security through Ethereum 2.0. Additionally, the introduction of new features, such as staking, encouraged crypto investors to hold onto their ETH to benefit from passive returns. Meanwhile, in the case of bitcoin, increased market volatility has rather encouraged investors to sell their assets for quick profits.
Implications and prospects for 2025
For investors, this trend indicates increased confidence in Ethereum compared to bitcoin. HODLers are often perceived as having a positive outlook on the future of the asset, which can influence new crypto investors to follow suit.
Looking ahead to 2025, experts predict that this situation may continue. With the increase in DApps and smart contracts on the Ethereum network, demand for ETH could continue to grow. Furthermore, favorable regulatory developments and increasing crypto adoption by businesses could further strengthen this position.
In summary, the year 2024 has been marked by a significant increase in long-term holders of Ethereum, reflecting increased confidence in this crypto. This trend, contrasting with the decline in HODLers on bitcoin, could have important implications for investors and the cryptocurrency market in general.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
