The post How It Lines With Other Top Coins appeared on BitcoinEthereumNews.com.

On-chain data shows Dogecoin now has around 5.3 million addresses carrying a balance. Here’s how Bitcoin and other top coins compare with this. Dogecoin Has Seen Its Number Of Addresses Carrying A Balance Go Up In a new post on X, the market intelligence platform IntoTheBlock has shared an infographic that breaks down the total number of addresses that are carrying a balance for some of the top layer 1 cryptocurrency networks. “Layer 1” blockchains are those that host secondary networks and applications on top of them, and provide the actual processing and security for the entire layered network. Below is the infographic posted by the analytics firm that shows the 30-day trend in the number of holders for six major layer 1 networks: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Avalanche (AVAX), Dogecoin (DOGE), and Cardano (ADA). The number of addresses with a balance for the different top coins | Source: IntoTheBlock on X It would appear that Ethereum currently boasts the highest number of addresses carrying a balance with the total sitting at 103 million right now. The next best is Bitcoin, with less than half the number at 51 million. Litecoin, Avalanche, Dogecoin, and Cardano all have a much smaller number of holders when compared to the top two cryptocurrencies, but their counts aren’t too different from each other. At 5.29 million holders, DOGE is sitting fifth on the list. Interestingly, all the coins listed here have seen a significant rise in the indicator over the past month, except for one: ADA. The network saw an exodus of investors earlier in the month, where the metric’s value plunged in a short amount of time. Dogecoin has observed some fast growth in its addresses during this period, implying that the blockchain has been catching a lot of attention recently.…

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Filed under: News - @ December 27, 2023 6:10 am