Many New Wallets Were Created in These 9 Altcoins During the Recent Correction

Cryptocurrency analysis company Santiment has published a list of altcoins that have had the most new wallets opened this week.

The list, which took shape amid a partial market downturn, shows that these altcoins are experiencing network growth despite a correction in the cryptocurrency market, according to Santiment.

According to analysts, in the long term, both the increase in usage areas and network growth create the necessary conditions for market value growth. The analyst warned that it is necessary to focus on altcoins that have witnessed the most increase in new wallet formation.

Here is the list prepared by Santiment, showing the altcoins that have experienced the highest network growth in the last week and the rate of their network growth.

1. Baby Doge Coin (BabyDoge) – 502%
2. UNUS SED LEO (LEO) – 400%
3. TrueUSD (TUSD) – 266%
4. Dai (DAI) – 214%
5. SushiSwap (SUSHI) – 141%
6. Frax (FRAX) – 100%
7. Turbo (TURBO) – 99%
8. Tether (USDT) – 94%
9. Mog Coin (MOG) – 85%

On the other hand, it is important to note that the growth rates of the altcoins on the list have not been investigated across all wallets, but only cover certain blockchain networks. The growth rates in question are valid for SUSHI on the BNB network, FRAX on the Avalanche network, and USDT on the Polygon network.

*This is not investment advice.