According to CryptoPotato, the crypto analytics platform Santiment has revealed the six alternative coins with the most holders on their respective networks. Litecoin (LTC) tops the list with nearly 8.10 million non-empty wallets, followed by Dogecoin (DOGE) with 6.69 million. Rippleâs XRP, Cardanoâs ADA, Shiba Inu (SHIB), and Chainlink (LINK) also feature prominently in the ranking.
Despite leading the pack, Litecoin has seen a decline from its previous high of around 9.4 million non-empty wallets several months ago. In contrast, XRP and SHIB holders have reached all-time high levels. The number of XRP wallets hit the 5 million milestone at the beginning of the year and has continued to grow. Shiba Inu, while having fewer holders than Dogecoin, is noted for having a strong and devoted community, based on socially-driven engagements such as likes, retweets, and posts. DOGE ranked second in this community engagement list, followed by Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK).
Litecoinâs longevity can be attributed to its creation over a decade ago by Charlie Lee, released in October 2011 as an alternative to Bitcoin with faster transactions. Litecoin has a block time of approximately 2.5 minutes compared to Bitcoinâs 10 minutes and can handle up to 50 transactions per second, whereas Bitcoin can manage up to seven transactions in the same period. Similar to Bitcoin, Litecoin employs a halving mechanism to reduce the daily issuance of new tokens by half approximately every four years. The latest halving occurred in August last year, reducing minersâ rewards from 12.5 LTC to 6.25 LTC. This halving event is often a precursor to a price uptrend. Litecoin spiked to nearly $110 in March this year before retreating to its current value of around $68, according to CoinGeckoâs data.
