Top Altcoins That Are Gaining Momentum as Network Growth Soars

Santiment, a cryptocurrency analytics firm, has recently highlighted several altcoins that saw the highest growth in new wallets this week, despite a partial downturn in the broader market.

The data reveals that these altcoins are experiencing notable network growth, even in the face of market corrections. Analysts suggest that, over the long term, the rise in network activity and adoption could potentially drive up their market value.

Among the top performers, Baby Doge Coin (BabyDoge) showed the highest growth, with a staggering 502% increase in new wallet activity. Other significant gainers include UNUS SED LEO (LEO), which saw a 400% rise, TrueUSD (TUSD) at 266%, and Dai (DAI) with 214%.

SushiSwap (SUSHI) and Frax (FRAX) also saw impressive increases, with 141% and 100% growth, respectively. Turbo (TURBO), Tether (USDT), and Mog Coin (MOG) rounded out the list, showing growth rates of 99%, 94%, and 85%.

However, it’s crucial to note that these growth figures are based on specific blockchain networks. For instance, SushiSwap’s growth is tied to the BNB network, Frax’s to Avalanche, and Tether’s to Polygon.