According to the crypto analytics platform Santiment, Litecoin (LTC) tops the list with nearly 8.10 million non-empty wallets, followed by Dogecoin (DOGE) with 6.69 million. Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), and Chainlink (LINK) are also among the top six altcoins with the highest number of holders.
Despite being the leader, Litecoin has seen a decrease from around 9.4 million non-empty wallets in recent months. In contrast, XRP and SHIB have experienced significant growth, with XRP surpassing the 5 million wallet mark earlier this year and continuing to rise.
Shiba Inu, while trailing behind Dogecoin in wallet numbers, is noted for having a highly engaged and loyal community. This conclusion was drawn from a study measuring social interactions, including likes, retweets, and posts related to SHIB.
Litecoin’s longstanding presence since its launch by Charlie Lee in October 2011 contributes to its high wallet count. Designed as a faster alternative to Bitcoin, Litecoin features a block time of about 2.5 minutes and can handle up to 50 transactions per second, compared to Bitcoin’s 10-minute block time and seven transactions per second.
Litecoin also follows a halving schedule similar to Bitcoin’s, reducing the block reward approximately every four years. The most recent halving in August last year decreased the reward from 12.5 LTC to 6.25 LTC. Historically, halving events have preceded price increases. Litecoin saw a peak of nearly $110 in March before a recent decline, with its current value around $68 according to CoinGecko.
