Dogecoin (DOGE) and a Surprise Altcoin Outperformed Bitcoin (BTC)!

Bitcoin and Altcoins Surge, Led by Toncoin's Impressive Wallet Growth

In recent months, Bitcoin and altcoins have experienced a significant surge, with BTC reaching a new all-time high (ATH) in March. However, after this ATH, a sharp correction ensued, driving the price down to $56,000.

Despite price fluctuations, the number of cryptocurrency wallets has witnessed a remarkable increase. Santiment, a leading cryptocurrency analysis platform, has reported a substantial growth in the number of wallets for the largest cryptocurrencies over the past six months.

Toncoin Leads the Pack

Toncoin (TON), a notable altcoin, has exhibited exceptional growth, with its wallet count increasing by 110% to 16,800. This surge indicates that the TON network is expanding at a faster pace than Bitcoin.

Dogecoin and Other Notable Performers

Dogecoin, the second largest meme token on the list, has also experienced a surge in wallet growth, with a 27% increase to 6.6 million wallets.

Wallet Growth for Major Cryptocurrencies

The following is a list of wallet growth for the largest cryptocurrencies over the past six months, sorted by greatest growth:

• 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 wallet (+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)

Disclaimer:

This information does not constitute investment advice.