There has been a rise in user adoption of altcoins like Litecoin and Dogecoin.
The altcoin market cap has been quite on a rollercoaster so far. Following a recent spike to $1.082 trillion on the 21st of July, the global altcoin market cap has now dipped to as low as $1 trillion on the 25th of July.
Although, there appears to be a slight rebound, with the market cap sitting back above $1 trillion.
Amid all this, Santiment, a cryptocurrency market intelligence platform, has revealed “the 10-year chart of notable altcoins and the amount of non-empty wallets (hodlers) on their respective networks”
Altcoin adoption: Who’s leading, who’s not?
Litecoin and Dogecoin [DOGE] have emerged as leaders in user adoption among major altcoins, demonstrating a robust and growing community of holders.
The data, provided by Santiment, a cryptocurrency market intelligence platform, highlights the enduring appeal and expanding user base of these digital currencies.
Litecoin, often dubbed “Bitcoin’s silver,” leads with approximately 8.08 million non-empty wallets, indicating its widespread acceptance among investors.
Dogecoin follows closely with 6.69 million non-empty wallets, showcasing strong user engagement despite its origins as a meme coin.
Santiment’s 10-year chart analysis also reveals significant growth in the number of non-empty wallets across several altcoins, signifying increased user adoption.
XRP and Cardano are notable mentions, with 5.24 million and 4.48 million wallets respectively, reflecting their solid foothold in the market. Additionally, Shiba Inu [SHIB], another popular meme coin, boasts 1.39 million wallets, underscoring its popularity.
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