Bitcoin dey lead for crypto network growth with 309,000 new addresses daily as Ethereum and XRP dey lag; Traders dey monitor user adoption trends
Recent on-chain analysis dey show clear difference for network growth among major cryptocurrencies. Bitcoin dey enjoy strong network adoption, with average of 309,000 new wallet addresses wey dem dey create every day for the past month, wey pass Ethereum’s 112,000 and Tether’s (USDT) 36,400 by far. Ripple’s XRP dey lag behind, with just 3,500 new wallets every day. This one mean say user interest full ground and fit mean long-term bullishness for Bitcoin as steady address growth na foundation indicator for user adoption and future market liquidity. But for XRP, the sharp drop for wallet creation mean retail interest dey fall, e don change since December 2024 when e reach over 20,000 new daily addresses during price rally. Lately, XRP drop pass 5% for price and dey trade below $2.5 after e get rejection for $2.7, e show say short-term uncertainty dey. Usually, these network fundamentals dey affect price trends for longer time, so traders suppose dey watch address growth and key support levels, especially for Bitcoin and XRP. The momentum for Bitcoin network growth fit pave way for future rallies, but the continuing stagnation for Ethereum and XRP fit limit their quick price upside. Overall, these metrics dey important to understand market sentiment and asset strength.
Neutral
Di increase for new Bitcoin address dem na one good fundament signal, e show say network adoption dey grow and e get chance to get future bullish momentum. But, usually this kain growth dey translate to price gains after long term, e no mean say price go jump immediately. For short term, Bitcoin price action still neutral as traders dey reason these tins. Meanwhile, Ethereum and especially XRP dey show slow network growth, and XRP dey face decreasing retail interest plus recent price drop. This difference show say these assets no get much upside now, and e get risk to fall if bad sentiment continue. Overall, data show say Bitcoin get better chance to go up while XRP and Ethereum no too perform well, but for short term market impact still neutral as traders dey wait for more confirmation from price trends and adoption metrics.