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Top Altcoins by Daily Active Users

Silver and gold coins labeled Litecoin, Bitcoin and Ethereum.

An insightful metric to review when analyzing the future potential of altcoins is to look at the daily active users of a digital coin or token. The idea behind this is that the more people who are using a digital currency on a daily basis, the higher its potential for success.

The way to analyze daily active users is to look at the daily active addresses, which can be easily found on public blockchain networks.

In this article, we’ve compiled a list of altcoins ranked by the amount of active daily users they possess. To compose the list, Bitcoin Market Journal took a snapshot of daily active addresses data found on BitInfoCharts on June 28, 2019.

Altcoin Daily Active Addresses
Ethereum (ETH) 437,286
Dogecoin (DOGE) 87,194
Litecoin (LTC) 80,300
Dash (DASH) 78,719
Bitcoin Cash (BCH) 34,591
Ethereum Classic (ETC) 19,314
Bitcoin SV (BSV) 13,189
Namecoin (NMC) 3,557
Bitcoin Gold (BTG) 3,413
Reddcoin (RDD) 1,599
Vertcoin (VTC) 876
Blackcoin (BLK) 375
Peercoin (PPC) 240
Feathercoin (FTC) 146
Novacoin (NVC) 121

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The post Top Altcoins by Daily Active Users appeared first on Bitcoin Market Journal.

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