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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Tron’s Network Activity Soars as TRX Price Remains Bearish – Will a Rebound Follow?

Tron’s network activity has maintained strong growth...

Banana Gun (BANANA) Surges 44% Following Binance Listing and Airdrop News

The trading bot altcoin, Banana...

Can Ethereum ETFs Spark an Altcoin Season Amidst Rising Bitcoin Dominance?

The cryptocurrency market is bracing for pivotal...

Solana [SOL] Bullish Rally Faces Key Resistance Zones Amid Speculative Optimism

Solana is demonstrating significant bullish...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Chainlink Price Forecast: Falling Wedge Pattern Signals Strong Bullish Reversal for LINK

The recent price activity of Chainlink (LINK)...

Solana Price Breaks 4-Month Stagnation with 41.3% Surge and $172.2 Target

Solana recently ended a 4-month period of...

Dogwifhat Price Targets $4 Amid Strong Bullish Momentum

Dogwifhat is experiencing a notable upward momentum...
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

Tron’s Network Activity Soars as TRX Price Remains Bearish – Will a Rebound Follow?

Tron’s network activity has maintained strong growth over the last 30 days, indicating a rising adoption of the blockchain. Despite this...

Banana Gun (BANANA) Surges 44% Following Binance Listing and Airdrop News

The trading bot altcoin, Banana Gun (BANANA), sees a rally following its integration with Binance, the leading cryptocurrency exchange by...

Can Ethereum ETFs Spark an Altcoin Season Amidst Rising Bitcoin Dominance?

The cryptocurrency market is bracing for pivotal movements as analysts and investors closely monitor Bitcoin (BTC) and Ethereum (ETH) trends. There...