Dogecoin and Surprise Altcoin Beat Bitcoin!

Santiment revealed a surge in the number of wallets for major cryptocurrencies over the last six months, indicating significant growth for both Bitcoin and altcoins. Bitcoin notably reached a new all-time high (ATH) in March amidst this rise.

However, following the ATH, both Bitcoin and altcoins experienced a sharp correction, leading to prices dropping to $56,000.

Santiment Reports Surge in Wallet Numbers for Major Cryptocurrencies

Amidst price fluctuations, there has been a noteworthy surge in the number of wallets holding major cryptocurrencies.

Santiment, a prominent cryptocurrency analysis platform, has shared insights into the increase in the number of wallets for the largest cryptocurrencies over the past six months.

According to Santiment’s data, Toncoin (TON) saw a remarkable 110% increase in the number of wallets, reaching a total of 16,800. This surge suggests that the TON network is expanding at a faster rate compared to Bitcoin.

Growth in Wallet Numbers for Major Cryptocurrencies

Dogecoin Leads Meme Tokens: Ranked as the second largest meme token, Dogecoin (DOGE) saw a notable 27% increase in wallets, reaching a total of 6.6 million.

Wallet Increases Across 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)

📊 Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in #crypto (apologies to #BinanceCoin and #Solana, not pictured in this study):

🪙#Toncoin $TON 16.8K wallets (+110% growth)
🪙 #Dogecoin $DOGE 6.6M wallets… pic.twitter.com/IhjJn6syn2

— Santiment (@santimentfeed) May 3, 2024

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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