Santiment has recently published a decade-long analysis of key altcoins, highlighting the number of active wallets for each.
Leading the list is Litecoin (LTC) with 8.08 million active wallets, reflecting its established presence since its 2011 launch. This enduring user base suggests robust market confidence.
Dogecoin (DOGE) comes in second with 6.69 million active wallets, benefiting from its large community and significant support from public figures like Elon Musk.
XRP holds the third spot with 5.24 million active wallets, showing steady growth with an increase of about 340,000 wallets since the start of the year.
In contrast, Chainlink (LINK) shows slower adoption, with 722,000 active wallets, the smallest number among the assets analyzed.
Shiba Inu (SHIB) has 1.39 million active wallets, indicating a growing user base, though not as extensive as Litecoin or Dogecoin. The number of SHIB wallets has been rising steadily.
Active address analysis provides further insights. SHIB had 21,799 active addresses as of late July 2024, with a peak of around 152,000 in early March. XRP had 95,273 active addresses, demonstrating more consistent user engagement.
Overall, this analysis reveals that Litecoin and Dogecoin have the largest and most stable user bases, while XRP and SHIB show continuous growth. Chainlink lags in terms of user adoption compared to the others.
XRP, one of the most prominent cryptocurrencies, appears to be at a tipping point, with signs indicating a potential drop below the critical $2 mark.
As fears of U.S. tariffs loom, cryptocurrency investors are showing caution despite a significant increase in stablecoin supply.
Pi Coin has recently plunged to an unprecedented low of $0.51, representing a staggering 83% drop since reaching its peak in late February.
Following the announcement of bilateral tariffs by US President Donald Trump on April 2, coinciding with Independence Day, and China’s prompt response, the cryptocurrency market has seen significant downturns.