Check out Dogecoin Shiba Inu Compare its performance with that of other top cryptocurrencies currently in the market, as revealed by the number of “active addresses” they have.
Dogecoin & Shiba Inu Compared Against The Others In Active User Count
Intotheblock, a market Research portal, recently published a post on X with an infographic showing the ranks of the top cryptocurrencies in terms of their number of daily active addresses in the market. An address is considered “active” if it performs operations like transactions. Every member of the transaction is right from the sender. Who sends the Money to the receiver defers the Money to participate actively in the transaction.
The number of unique active addresses in a network may be the same as the number of daily users. We can see the transaction volume of a blockchain network by examining the indicator’s level. The following graph represents the latest data of this indicator for some of the best cryptocurrencies in the sector. Dogecoin, Shiba Inu, and others occupy the middle of the table, but DOGE tops the list with 56,980 addresses, while SHIB has just 6,770. Doge is at the top among Litecoin, Ethereum, Bitcoin, etc., and Tron.
The large number of daily active users supports the statement. Blockchain transactions are more popular with TRX than other major cryptocurrencies. A few of the readers of the X post questioned IntoTheBlock why Solana (SOL) is not on the list, but they confessed to finding the post quite helpful. The report comes from a Research company specifying that its products are incompatible with the SOL network.
This is due to the high positive reading for the SOL network. From this, one could logically conclude that blockchain cryptocurrency is a well-liked alternative for crypto-related activities. Over time, low network performance and large market capitalization have been hallmarks of meme-based cryptocurrencies.
DOGE Price
Dogecoin’s price, haha, says fallenhasa, ha, says harperrcente three percenter cent. Hours are currently worth $0.157. This downward price revision has impacted the entire market.
FAQs
How do Dogecoin (DOGE) and Shiba Inu (SHIB) compare in active addresses?
Dogecoin leads with 56,980 active addresses, while Shiba Inu trails with just 6,770, showing a significant difference in user activity.
Which cryptocurrency has the most active addresses according to the report?
Dogecoin (DOGE) tops the list, outperforming other major cryptocurrencies like Ethereum, Bitcoin, and Litecoin in daily active addresses.
Why isn't Solana (SOL) included in the active addresses list?
Solana (SOL) is excluded because the research products used by IntoTheBlock are not compatible with the SOL network, despite its strong performance.
What impact has Dogecoin's price drop had on the market?
Dogecoin’s price has recently fallen by 3%, which has contributed to the overall downturn in the cryptocurrency market.
