Ripple (XRP) and Shiba Inu (SHIB) are among the top 6 altcoins with the most headlines: details

TL;DR

Litecoin (LTC) leads non-empty wallets with over 8 million, followed by Dogecoin (DOGE) with 6.69 million. Holders Ripple (XRP) and Shiba Inu (SHIB) have also rallied, recently hitting all-time highs. Here are the rankings

Crypto analytics platform Santiment revealed the six altcoins that currently have the most holders on their respective networks.

Litecoin (LTC) leads the pack with almost 8.10 million non-empty wallets, while Dogecoin (DOGE) follows with 6.69 million. Ripple’s XRP, Cardano’s ADA, Shiba Inu (SHIB) and Chainlink (LINK) are the others included in the ranking.

Despite topping the list, Litecoin has witnessed a step back as non-empty LTC wallets were around 9.4 million a few months ago. On the other hand, XRP and SHIB holders are currently at a higher level. As reported by CryptoPotato, the number of XRP wallets reached the 5 million milestone earlier this year and has only grown since then.

Shiba Inu might have fewer headlines than its main rival, Dogecoin, but a research entity estimated that it has the strongest and most dedicated community. The study was based on the total number of social engagements, including likes, retweets and posts involving SHIB, with results announced late last year.

DOGE took second place on this list, while Pepe (PEPE), Floki Inu (FLOKI) and Bonk Inu (BONK) were next.

Longevity of Litecoin

The aforementioned achievement of the cryptocurrency could be explained by the fact that it saw the light more than a decade ago. It was created by Charlie Lee and launched in October 2011 to provide an alternative to Bitcoin with faster transactions. Litecoin has a block time of approximately 2.5 minutes compared to BTC’s 10 minutes.

It also has a capacity of up to 50 transactions per second, while the main cryptocurrency can handle up to seven transactions during the same period.

Similar to BTC, Litecoin uses a halving mechanism to halve the daily issuance of new tokens. The event occurs roughly every four years (or every 840,000 blocks), with the most recent occurring in August of last year. Miner rewards were then reduced from 12.5 LTC to 6.25 LTC.

Halving is usually a precursor to an uptrend in prices. Remember that LTC rose to almost $110 in March of this year before retreating in recent months. Currently, it is worth around $68 (CoinGecko data).

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