Dogecoin (DOGE) and a Surprise Altcoin Outperform Bitcoin (BTC) in Unprecedented Market Shift

• Leading crypto analysis platform, Santiment, has shared data on the increase in wallet numbers for the largest cryptocurrencies over the past six months.
• Despite price fluctuations, significant increases in wallet numbers have been observed, with Toncoin (TON) recording a 110% increase, outpacing Bitcoin’s growth.
• Other notable increases include Dogecoin (DOGE) with a 27% growth and Bitcoin (BTC) with a 10% growth.

Explore the latest data on cryptocurrency wallet growth over the past six months, with insights from leading crypto analysis platform, Santiment.

Significant Wallet Growth for Cryptocurrencies

Despite the volatile nature of the crypto market, the past six months have seen a significant increase in the number of wallets for the largest cryptocurrencies. Leading crypto analysis platform, Santiment, has shared data revealing this growth, with some surprising results. The most noteworthy being the 110% increase in Toncoin (TON) wallets, indicating a faster growth rate than Bitcoin.

Dogecoin and Bitcoin Wallet Growth

Other cryptocurrencies have also seen substantial growth in wallet numbers. Dogecoin (DOGE), the popular meme token, recorded a 27% increase, bringing the total number of wallets to 6.6 million. Bitcoin (BTC), the largest and most well-known cryptocurrency, saw a 10% increase in wallet numbers, reaching a total of 53.9 million wallets.

Other Notable Increases

Further data from Santiment reveals other notable increases in wallet numbers. USDT recorded a 23% growth, bringing its total to 5.7 million wallets. USDCoin (USDC) saw a 16% increase, reaching a total of 2.1 million wallets. Ethereum (ETH) recorded an 11% growth, bringing its total to 120.7 million wallets. Other cryptocurrencies such as XRP, Chainlink (LINK), and Cardano (ADA) also saw increases in wallet numbers, though at a smaller scale.

Conclusion

The past six months have seen significant growth in wallet numbers for the largest cryptocurrencies. This growth, despite price fluctuations, indicates a growing interest and adoption of cryptocurrencies. As the crypto market continues to evolve, it will be interesting to see how these numbers change and which cryptocurrencies will lead in terms of wallet growth.