The Litecoin Network Hits 200 Million Transactions
The Litecoin network recently reached a major milestone, surpassing the 200 millionth transaction mark. This achievement highlights the network’s rapid growth, with over 10 million transactions processed.
LTC Outperforms BTC and ETH in Active Addresses
In a recent announcement, Litecoin (LTC) revealed that it had more active addresses than Bitcoin (BTC) and Ethereum (ETH) combined. Within a 24-hour period, Litecoin recorded 1.4 million on-chain transactions, demonstrating its popularity and usage.
LTC’s Activity Surpasses Ethereum’s
According to market intelligence platform IntoTheBlock, Litecoin has been experiencing a resurgence in activity. Daily active addresses on the Litecoin network have consistently surpassed those on the Ethereum network since December.
Litecoin’s Current Value and Future Expectations
As of now, the value of Litecoin stands at $72.10, showing an 11.1% change over the past year according to CoinMarketCap. The continued growth of Litecoin is attributed to expectations of increased promotion once a Bitcoin ETF is approved next year. This association with Bitcoin has already led to a surge in Litecoin’s network valuation.
Hot Take: Litecoin Reaches Significant Milestone Amidst Rising Activity
The recent milestone of 200 million transactions on the Litecoin network showcases its accelerated growth and increasing popularity among cryptocurrency users. With more active addresses than both Bitcoin and Ethereum combined, Litecoin proves its ability to facilitate swift and cost-effective transactions. As the network’s activity continues to outpace Ethereum, investors and enthusiasts anticipate further advancements in its valuation. The approval of a Bitcoin ETF next year could potentially drive more promotion and adoption of Litecoin, further solidifying its position in the cryptocurrency market.
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