Which Altcoins Have the Most Loyal Holders? Santiment’s 10-Year Report

Blockchain intelligence platform Santiment recently released a 10-year chart of notable altcoins and their non-empty wallets (holders), illuminating their user base, market standings, and investor engagement.

According to Santiment, Litecoin (LTC) tops the standings with 8.08 million non-zero balance wallets, reflecting its status as the oldest asset analyzed, having launched in 2011. This consistent growth suggests strong investor confidence and favorable market trends.

Dogecoin (DOGE) ranks second with 6.69 million non-empty wallets, making it the largest meme coin by market capitalization. A vibrant community and support from Elon Musk have fueled its significant growth in wallet numbers.

XRP (XRP) boasts 5.24 million non-zero balance wallets, indicating a significant and established user base. XRP has maintained steady growth and investor trust, with its wallet numbers increasing by about 340,000 since January.

In contrast, Chainlink (LINK) displays slower growth than other assets. LINK has 722,000 non-empty wallets, the lowest among the compared assets.

Meanwhile, Shiba Inu, launched three years after Chainlink, has 1.39 million non-empty wallets. Although this is less than Litecoin and Dogecoin, it indicates a growing user base. The number of SHIB holders has been steadily increasing, reflecting a loyal but still developing community.

Analyzing the active addresses of these non-empty wallets provides further insight into their engagement levels. For instance, SHIB had 21,799 active addresses as of July 24, 2024, with a notable spike in early March, reaching approximately 152,000. However, the number of active addresses suggests that some of these wallets are not consistently active.

XRP, on the other hand, had 95,273 active addresses, showing a more consistent engagement level. The range of active addresses for XRP, between 60,000 and 160,000, indicates higher user activity compared to SHIB.

Overall, Santiment’s analysis highlights the varying growth and engagement levels of these altcoins. Litecoin and Dogecoin boast strong user bases, while XRP and SHIB exhibit steady growth and active engagement. Additionally, Chainlink’s slower growth suggests it lags behind the others in terms of user adoption.