As cryptocurrency prices show signs of mild recovery, social media chatter continues to revolve around Bitcoin and its susceptibility to fluctuations in response to the Federal Reserve’s decision to maintain unchanged interest rates.
However, insights from Santiment’s data feed, focusing on the most significant growth in non-empty wallets among top market caps in crypto, shed light on noteworthy trends beyond Bitcoin and Fed speculations.
🗣️ With #cryptocurrency prices mildly recovering, the top trending keywords circulating around social platforms have remained fixed on #Bitcoin and how its market value may be impacted by the #Fed's unchanged interest rates.
View our updating dashboard: https://t.co/tfGecUZlGr pic.twitter.com/XkmdmUQ7Vp
— Santiment (@santimentfeed) May 2, 2024
Among the top performers in wallet growth over the past six months, Toncoin (TON) stands out with a remarkable surge of 110%, boasting 16.8 thousand wallets.
Dogecoin (DOGE) follows suit with an impressive 27% growth, tallying 6.6 million wallets, while stablecoins like USDT and USDC demonstrate significant expansion, with 5.7 million and 2.1 million wallets respectively, marking growth rates of 23% and 16%.
Ethereum, the leading smart contract platform, has seen its wallet count rise by 11% to reach 120.7 million, reflecting continued interest and adoption within the Ethereum ecosystem.
Similarly, Bitcoin has witnessed a notable 10% growth in wallets, totaling 53.9 million, indicating sustained interest and participation in the world’s most renowned cryptocurrency.
Top Crypto Notable Mentions To Monitor
Other notable mentions include XRP Ledger (XRP), Chainlink (LINK), and Cardano (ADA), each showcasing varying degrees of wallet growth.
XRP Ledger boasts a 7% increase with 5.2 million wallets, while Chainlink records a 6% growth, reaching 727 thousand wallets. Interestingly, Cardano maintains a stable wallet count of 4.5 million, reflecting no significant growth in the observed period.
📊 Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in #crypto (apologies to #BinanceCoin and #Solana, not pictured in this study):
🪙#Toncoin $TON 16.8K wallets (+110% growth)
🪙 #Dogecoin $DOGE 6.6M wallets… pic.twitter.com/IhjJn6syn2— Santiment (@santimentfeed) May 3, 2024
These insights underscore a diverse landscape within the cryptocurrency market, with a range of assets experiencing notable growth in wallet adoption. While Bitcoin remains a focal point of discussion, the broader ecosystem reveals dynamic shifts and emerging trends that warrant attention from investors and enthusiasts alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.