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HomeNewsXRP's Explosive Growth: 26% Surge in Wallet Holders in Just One Year

XRP’s Explosive Growth: 26% Surge in Wallet Holders in Just One Year

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  • XRP wallet count with non-zero balances has increased by 26% over the past year, reaching 4.95 million.
  • Ethereum (ETH) leads the growth rate among cryptocurrencies, with the number of non-zero balance holders surpassing 112 million.

XRP’s Remarkable Wallet Growth

In a notable trend that underscores the growing popularity of XRP, the number of wallets holding a non-zero balance of the cryptocurrency has surged significantly.

A 26% Increase in XRP Wallets

According to the market intelligence platform Santiment, the count of XRP wallets holding more than 0 XRP has risen by 26% since January 2023. This increase has brought the total number of XRP holders to approximately 4.95 million. This data reflects a burgeoning community of enthusiasts, investors, and users actively engaging with the XRP ecosystem.

Comparing XRP with Other Cryptocurrencies

While XRP’s growth has been impressive, it is not alone in experiencing an uptick in adoption. Bitcoin (BTC) wallets have also shown substantial growth, with a 32% increase over the past year, bringing the count to 52.63 million.

Ethereum Leads in Holder Growth

Ethereum (ETH) outshines both XRP and Bitcoin in terms of growth rate. The number of Ethereum wallets with non-zero balances has reached over 112 million, indicating a staggering growth rate of more than 54%. This substantial increase is indicative of Ethereum’s strong position and widespread acceptance in the cryptocurrency market.

Cardano and Other Cryptocurrencies

The Cardano (ADA) network also recorded a significant rise in the number of non-zero balance wallets, reaching 4.47 million, a 38% increase over the past year. Although this figure is slightly lower than that of XRP, the percentage growth for ADA exceeds that of XRP.

Among other major cryptocurrencies, Dogecoin (DOGE) and Chainlink (LINK) have also seen growth in their holder counts. DOGE experienced a 22% increase, reaching 5.7 million wallets, while LINK saw an 11% rise, totaling 711.3k wallets.

Market Performance and Implications

The growth in wallet counts across various cryptocurrencies aligns with their overall market performance over the past year. CoinMarketCap data indicates significant price increases for Bitcoin, Ethereum, Cardano, and XRP since January 2023. However, the recent market downturn has somewhat leveled their trajectories, with XRP showing a 63% increase in value.

The increasing number of non-zero balance wallets across these networks highlights the expanding reach and adoption of cryptocurrencies. As the market evolves, these trends offer valuable insights into user engagement and the potential for further growth in the digital asset space.

Connect with Collin Brown on X (Twitter) for valuable market insights, frequent updates, and a touch of humor!

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628
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