The Hodler Ratio of Bitcoin/Ethereum (ETH) Crosses Above 1 For The First Time

The Hodler Ratio is a measure of how many individuals are holding either ethereum or bitcoin, and it has passed over 1 for the first time. This shows that more individuals are holding the two cryptocurrencies than only a few weeks ago.

The Hodler Ratio is determined by calculating the quantity of bitcoin and Ethereum in flow, divided by the total quantity available of each cryptocurrency. It was at 0.92 on April 3, but has recently grown to 1.02 as of May 11, 2019. This implies that there are presently 102 million bitcoin in circulation, whereas there are 93 million the ethereum coins in circulation.

The Hodler Ratio, which is a measurement of how many individuals are holding Ethereum and bitcoin, has been on an upward trend lately. It has been staying around 0.5 since early 2018, but this week it moved over to 1 for the inaugural time since February 2018. This indicates that more than half of the investors in both markets are stating they would retain their cryptocurrencies until 2021.

The Hodler Ratio has been climbing consistently since December 2018, when it stood at 0.3 for bitcoin and Ethereum. At that time, there were around 2 million holders in each market combined, so any gain in value meant there were about 3 million holders who would prefer keep their coins rather than sell them or short trade them on a platform like Coinbase or Binance. Since then, however, the quantity of Hodlers has continued to climb as prices have surged past $4,000 for bitcoin and Ethereum combined.

This week's increase illustrates just how much want there is for long-term storage assets like these two digital currency: it also reveals that investors are ready to put up with volatility in order to lock in gains