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Are Ethereum's Long-Term Holders Stealing Bitcoin's Thunder? In a surprising turn of events, Ethereum has surpassed Bitcoin in terms of the percentage of long-term holders. According to data from on-chain analytics platform IntoTheBlock, over 70% of Ethereum investors are currently holding onto their assets for more than a year, surpassing Bitcoin for the second time ever. This significant increase in long-term holders has sparked a debate over whether Ethereum's rise is stealing Bitcoin's thunder. The rise of Ethereum's long-term holders can be attributed to several factors. Firstly, Ethereum's strong performance in recent years has attracted a loyal investor base. The cryptocurrency has demonstrated its potential for growth and innovation, with its decentralized applications and smart contracts gaining widespread adoption. This success has instilled confidence in investors, leading them to hold onto their Ethereum assets for the long term. Additionally, Ethereum's vibrant and active community plays a crucial role in the increase of long-term holders. The Ethereum community is known for its passionate support and belief in the platform's potential. This community-driven enthusiasm has fostered a sense of loyalty among investors, encouraging them to hold onto their Ethereum holdings and contribute to the network's growth. Furthermore, the recent surge in interest in decentralized finance (DeFi) has further propelled Ethereum's long-term holder percentage. DeFi applications built on the Ethereum blockchain have gained significant traction, offering users various financial services such as lending, borrowing, and yield farming. This booming sector has attracted investors who see the potential for substantial returns in the long run, leading them to hold onto their Ethereum assets. While Ethereum's rise in long-term holders is impressive, it's important to note that Bitcoin still maintains its position as the dominant cryptocurrency in terms of market capitalization and overall popularity. Bitcoin's status as the first and most well-known cryptocurrency continues to attract a wide range of investors and institutions. In conclusion, Ethereum's surge in long-term holders is a testament to its growing popularity and potential for long-term growth. However, it is too early to say whether Ethereum's rise is stealing Bitcoin's thunder. Both cryptocurrencies have unique characteristics and serve different purposes within the digital asset ecosystem. The competition between Ethereum and Bitcoin will undoubtedly continue to evolve as the cryptocurrency market matures.