Dogecoin and Surprise Altcoin Beat Bitcoin!
Release: 2024/05/04 01:40 Reading: 645
Surge in Cryptocurrency Wallets Indicates Growth for Bitcoin and Altcoins
Santiment has reported a substantial increase in the number of wallets holding major cryptocurrencies over the past six months, signaling significant growth for Bitcoin and altcoins. Notably, Bitcoin achieved a new all-time high (ATH) in March during this growth period.
Sharp Correction Follows ATH
However, after reaching the ATH, both Bitcoin and altcoins experienced a sharp correction, resulting in a drop in prices to $56,000.
Surge in Wallet Numbers Amidst Price Fluctuations
Despite the price fluctuations, there has been a remarkable surge in the number of wallets holding major cryptocurrencies.
Santiment Reports
Santiment, a leading cryptocurrency analysis platform, has provided insights into the increase in the number of wallets for the largest cryptocurrencies over the past six months.
Toncoin (TON) Leads Growth
According to Santiment's data, Toncoin (TON) saw an impressive 110% increase in the number of wallets, totaling 16,800. This surge indicates that the TON network is expanding at a faster pace than Bitcoin.
Growth in Wallet Numbers for Major Cryptocurrencies
The growth in wallets for the largest cryptocurrencies over the past six months is as follows:
- Toncoin (TON): 16.8k wallets (+110% growth)
- Dogecoin (DOGE): 6.6 million wallets (+27% growth)
- USDT: 5.7 million wallets (+23% growth)
- USDCoin (USDC): 2.1 million wallets (+16% growth)
- Ethereum (ETH): 120.7 million wallets (+11% growth)
- Bitcoin (BTC): 53.9 million wallets (+10% growth)
- XRP: 5.2 million wallets (+7% growth)
- Chainlink (LINK): 727 thousand wallets (+6% growth)
- Cardano (ADA): 4.5 million wallets (+0% growth)
Disclaimer:
Please note that this article is for informational purposes only and should not be construed as legal, tax, investment, financial, or any other type of advice.
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