Logo
Cardano Ecosystem

Zycrypto

05/20/2024

·

290 views


Dogecoin Quarterly Wallet Growth Outpaces Long-Standing Competitors Ripple's XRP and Cardano (ADA)

Dogecoin is usually mentioned alongside other newer meme coin competitors. However, a new development has placed Dogecoin amid other leading altcoins. Ripple’s XRP and Cardano (ADA) have noticed massive...

Dogecoin Quarterly Wallet Growth Outpaces Long-Standing Competitors Ripple's XRP and Cardano (ADA)

DOGE’s Chances Of Being Merged With Twitter Soar As Hoskinson Proposes Making Dogecoin A Cardano Sidechain

Dogecoin is usually mentioned alongside other newer meme coin competitors. However, a new development has placed Dogecoin amid other leading altcoins. Ripple’s XRP and Cardano (ADA) have noticed massive wallet growth over the last 6-months, but Dogecoin has made an even more impressive move by outpacing their wallet address count.

The most valuable meme coin, the 9th most valued cryptocurrency by market cap, has recorded an upsurge in new wallet users. The number of new wallet addresses over the past 6-months, as depicted in a chart shared by Santiment, is noticeably higher than that of XRP and ADA.

Since December last year, DOGE has seen its holder count soar to 6.63 million. Milestones like these are important because they typically point to increased interest from investors and traders alike. In Dogecoin’s case, the new development speaks to the asset’s dominance in the industry, as it emerged as the only meme coin and altcoin behind Ethereum, with the highest holder count within the period mentioned above.

ADA, XRP, and USDT are behind Doge, with a total number of holders totaling 4.47 million, 5.18 million, and 5.66 million, respectively.

Meanwhile, the apex cryptocurrency, Bitcoin (BTC), and its longstanding rival, Ethereum (ETH), saw a total number of holders of 53.85 million and 120.69 million, respectively.

AdvertisementFollow ZyCrypto On Google News  

Dogecoin bulls remain suppressed as selling pressure rises

Despite the network growth, DOGE’s price is still struggling as market volatility continues into the week. The global cryptocurrency market has declined, with Bitcoin bulls struggling to stay afloat.

The development came not long after Elon Musk reportedly enabled Dogecoin as a payment method for a handful of Tesla products. The Dogecoin proponent had branded the memecoin the “people’s currency,” hinting at plans to integrate Doge into Twitter.

It is, however, still important to note that Dogecoin was one of the best-performing altcoins over the last week, with gains of more than 20%. The asset now trades at a press time price of $0.15.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Zycrypto

ORIGINAL SOURCE

https://zycrypto.com/dogecoin-quarterly-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Zycrypto

See more
Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu to Witness its Final 2025 Jump, Expert Reveals Key Expectations ‬
Zycrypto
Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu to Witness its Final 2025 Jump, Expert Reveals Key Expectations ‬

last Thursday at 4:49 PM

·

10 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)