Litecoin and Dogecoin Lead Altcoin Adoption; Chainlink Trails

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A new 10-year analysis from Santiment shows that Litecoin and Dogecoin are top in altcoin adoption. Litecoin leads with 8.08 million non-empty wallets, showing strong investor interest, while Dogecoin has 6.69 million wallets, reflecting significant engagement despite being a meme coin.

Litecoin also distinguishes itself by processing $2.85 billion daily in large transactions, highlighting its attractiveness to significant investors. The analysis reveals that both Litecoin and Dogecoin have large and growing communities of holders, reflecting their increasing popularity in the cryptocurrency market.

Litecoin and Dogecoin: Leading Altcoin Adoption

The latest data highlights that Litecoin, often called “Bitcoin’s silver,” leads in user adoption among major altcoins. Trading at $73.25 with a 0.51% price increase in the past 24 hours, Litecoin has the highest number of non-empty wallets, totaling about 8.08 million. This impressive figure underscores Litecoin’s growing appeal and acceptance among investors.

In second place is Dogecoin, trading at $0.1342 with a 24-hour trading volume of $936,817,619. Despite its origins as a meme coin, Dogecoin maintains strong user engagement with 6.69 million non-empty wallets.

According to data from IntoTheBlock, Litecoin processes an impressive $2.85 billion in daily transactions over $100,000, representing more than half of its total market cap. This high transaction volume points to significant whale activity within the Litecoin network.

Altcoin Adoption Trends: Litecoin and Dogecoin Lead, Others Grow

Dogecoin, despite having a market cap nearly three times that of Litecoin, sees about $590 million in large transactions. This contrast highlights a clear preference among institutional investors and high-net-worth individuals for Litecoin, which is favored for its speed, efficiency, and established reputation.

Other altcoins are also seeing significant growth. XRP has 5.24 million non-empty wallets, indicating a robust user base. Cardano (ADA) follows with 4.48 million wallets, showing solid adoption. Shiba Inu (SHIB), a popular meme coin, has attracted 1.39 million wallets, underscoring its ongoing appeal. Chainlink (LINK), known for its decentralized oracle network, holds 722,000 non-empty wallets.

Santiment data illustrates a strong altcoin market, with Litecoin leading in transaction volume and wallet count. Dogecoin’s popularity among retail investors secures its second-place position. The varied performance of altcoins like XRP, Cardano, and Shiba Inu reveals both opportunities and risks within the cryptocurrency space.

Source: X

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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