Cryptocurrency analysis firm Santiment has released a list of altcoins that have seen the highest number of new wallets opened this week. Despite a downturn in the cryptocurrency market, these altcoins are experiencing network growth, as reported by Santiment.
Analysts believe that in the long term, both the expansion of usage areas and network growth create favorable conditions for market value growth. However, they caution investors to focus on altcoins that have witnessed the most significant increase in new wallet formation.
Below is the list compiled by Santiment, showcasing the altcoins that have experienced the highest network growth in the past week and the rate of their growth:
– Baby Doge Coin (BabyDoge) – 502%
– UNUS SED LEO (LEO) – 400%
– TrueUSD (TUSD) – 266%
– Dai (DAI) – 214%
– SushiSwap (SUSHI) – 141%
– Frax (FRAX) – 100%
– Turbo (TURBO) – 99%
– Tether (USDT) – 94%
– Mog Coin (MOG) – 85%
It’s important to note that the growth rates mentioned above only pertain to specific blockchain networks, such as SUSHI on the BNB network, FRAX on the Avalanche network, and USDT on the Polygon network. The growth rates have not been analyzed across all wallets.
*This information does not constitute investment advice.
