bitcoin
bitcoin

$94674.655342 USD

-0.28%

ethereum
ethereum

$3273.314144 USD

-1.00%

xrp
xrp

$2.409644 USD

4.47%

tether
tether

$0.999684 USD

-0.03%

bnb
bnb

$697.513672 USD

0.21%

solana
solana

$186.558479 USD

-2.63%

dogecoin
dogecoin

$0.339209 USD

1.04%

usd-coin
usd-coin

$0.999959 USD

0.00%

cardano
cardano

$0.946115 USD

-0.77%

tron
tron

$0.242619 USD

0.06%

avalanche
avalanche

$36.905257 USD

-1.55%

sui
sui

$5.024195 USD

-0.95%

toncoin
toncoin

$5.398119 USD

2.79%

shiba-inu
shiba-inu

$0.000022 USD

1.43%

chainlink
chainlink

$20.219417 USD

-0.58%

Cryptocurrency News Articles

XRP Has Seen Fastest 2025 Adoption Among Top Coins

Jan 11, 2025 at 02:30 pm

On-chain data shows XRP has started the year with a strong adoption wave as its Total Amount of Holders has registered a notable increase.

XRP Has Seen Fastest 2025 Adoption Among Top Coins

XRP began the year with a strong adoption wave, as evidenced by a notable increase in its Total Amount of Holders, according to new data from on-chain analytics firm Santiment in a recent post on X.

As compared to the start of 2025, the “Total Amount of Holders” here refers to an indicator that, as its name suggests, tracks the total number of addresses on a given network carrying some non-zero balance. When the value of this metric rises, it can suggest new investors joining the blockchain or old ones that had sold earlier investing back into it. The trend can also appear when existing users create new addresses for purposes like privacy.

In general, all of these factors are at play at once to some degree whenever the Total Amount of Holders registers an increase, so some net adoption of the coin could be assumed to be occurring. On the other hand, the indicator going down implies some of the investors are clearing out their wallets, potentially because they have decided to exit from the cryptocurrency.

Now, here is a chart that shows the trend in the Total Amount of Holders for six popular digital assets: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), Dogecoin (DOGE), and Chainlink (LINK):

As displayed in the above graph, Chainlink is the only cryptocurrency in this list that has seen a negative change in its Total Amount of Holders; LINK holders are down 3,300 or 0.5% as compared to the start of the year.

In terms of pure numbers, Ethereum has seen the most number of investors join the network at 645,000. ETH’s user base is massive, however, meaning that this jump is only equivalent to a 0.5% increase.

Bitcoin is second with 102,000 new addresses, with a balance popping up on the network, and XRP is third at 58,000. While the latter’s number may seem small, its situation is the opposite of ETH’s: the size of its holder base means that this figure represents a growth of 1% for the blockchain, making its Total Amount of Holders uptrend the sharpest out of the lot.

The surge in the metric that XRP has seen this year so far is merely a continuation of the trend that the cryptocurrency closed 2024 off with. Thus, it seems the asset has been gaining some decent adoption recently, with its investor influx showing no signs of slowing down yet.

The remaining two assets in the list, Dogecoin and Cardano, have seen the Total Amount of Holders change by 29,000 and 2,800, respectively.

XRP Price

At the time of writing, XRP is trading around $2.3, down more than 4% over the last seven days.

News source:bitcoinist.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 11, 2025