Litecoin (LTC) Hits Major Milestone Ahead of Upcoming Halving Event: Details
Crypto analyst Ali Martinez has taken to Twitter to comment on the milestone achieved by the major cryptocurrency Litecoin, while the LTC halving event is just a few months away. Here's the development that has occurred on the LTC network. Spike in LTC active wallets detected Martinez tweeted that the biggest surge in the number of active LTC wallets over the past two years has been detected. The number of interacting LTC addresses reached 832,000 both as senders and receivers.
Aside from that, according to the IntoTheBlock on-chain data aggregator, this year, the Litecoin network has demonstrated large growth. The number of transactions on it has increased by nearly 400%, the amount of the LTC supply held by retail users is around 50%, 60% of LTC holders are in high profit and 3,900,000 wallets have been holding LTC for longer than a year. The coin's hash rate has been up 25%, too. This was the result of the Litecoin network adopting the LTC20 standard, which allows issuing tokenized assets on Litecoin, similar to Ethereum's ERC20. Now, developers can create DeFi, dApps, NFTs and other cryptocurrency-based assets on the LTC network.
Read more on U.Today https://u.today/litecoin-ltc-hits-major-milestone-ahead-of-upcoming-halving-event-details
Crypto analyst Ali Martinez has taken to Twitter to comment on the milestone achieved by the major cryptocurrency Litecoin, while the LTC halving event is just a few months away. Here's the development that has occurred on the LTC network. Spike in LTC active wallets detected Martinez tweeted that the biggest surge in the number of active LTC wallets over the past two years has been detected. The number of interacting LTC addresses reached 832,000 both as senders and receivers.
Aside from that, according to the IntoTheBlock on-chain data aggregator, this year, the Litecoin network has demonstrated large growth. The number of transactions on it has increased by nearly 400%, the amount of the LTC supply held by retail users is around 50%, 60% of LTC holders are in high profit and 3,900,000 wallets have been holding LTC for longer than a year. The coin's hash rate has been up 25%, too. This was the result of the Litecoin network adopting the LTC20 standard, which allows issuing tokenized assets on Litecoin, similar to Ethereum's ERC20. Now, developers can create DeFi, dApps, NFTs and other cryptocurrency-based assets on the LTC network.
Read more on U.Today https://u.today/litecoin-ltc-hits-major-milestone-ahead-of-upcoming-halving-event-details
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