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Once upon a time three years ago Bitcoin, Litecoin and Dogecoin words were used in one sentence in many articles and TV programs as faces of the cryptocurrencies. A lot has changed during those three years. In this article I will show some estimations of adoption and how it has changed. It is difficult to bitcoin litecoin or dogecoin number of coin holders. One person may own several addresses, on the other hand several people my hold coins in one address for example exchange address.
Data below are based on bitinfochartsand are not very bitcoin litecoin or dogecoin for this purpose. Therefore take it with a pinch of salt. From the total number of non-zero balance addresses, I have removed dust addresses.
Arbitrary I have assumed that addresses that hold lowest balances, up to a total of 0. The first chart shows relative adoption in early summer Bitcoin had the largest adoption by a big margin. Surprisingly high adoption had Dogecoin:. After three years and a bit Bitcoin grew quicker than any of the other two, also Litecoin did overtake Dogecoin.
The chart below shows relative adoption number of non-dust addresses at arbitrary points of time:. Second half of shows significant acceleration in growth. While in Juneusing above metrics, Dogecoin still had higher adoption than Litecoin, it has changed during the past few months. During those 5 months number of Bitcoin non-dust addresses went up by If you are skilled in blockchain exploration and interested in investigations on adoption changes, wealth distribution etc.
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By upvoting this notification, you can help all Steemit users. Bitcoin, Litecoin, Dogecoin — three years later. Surprisingly high adoption had Dogecoin: In the meantime price changes were even more dynamic: The chart below shows relative adoption number bitcoin litecoin or dogecoin non-dust addresses at arbitrary points of time: If you liked it — upvote and follow me.
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