Litecoin ($LTC) is gaining momentum, with transactions exceeding $100,000 over the past seven days reaching an impressive $20.09 billion.
This figure is nearly on par with Ethereum’s ($ETH) $22.83 billion, despite $ETH having a significantly larger market capitalization.
#Litecoin is accelerating!
Transactions greater than $100k over the past 7 days now stand at $20.09 billion!
That is almost the same level as $ETH ($22.83 billion), which has a significantly larger market capitalization than $LTC.
⚡️⚡️⚡️ pic.twitter.com/zgjkANck3w
— Bog Ⓜ️🕸 ŁTC ETF (@bogdanoffig) September 19, 2024
In a recent tweet, Litecoin highlighted its high processing rates, emphasizing that the threat of double-spending is significantly reduced on its network.
This makes it possible for merchants and dealers to process transactions much faster than on other blockchains, offering a major advantage for businesses that rely on quick, secure payments.
One of Litecoin’s standout features is its incredibly low transaction fees, averaging less than $0.01 per transaction. This makes $LTC not only a fast but also a highly cost-effective option for users looking to move large amounts of money with minimal fees.
Lite-speed! Because of Litecoin’s high processing rates, double-spending threats are significantly reduced. As a result, merchants and dealers may complete transactions considerably faster than they could on the other networks.
The average transaction fee is less than $0.01! pic.twitter.com/7sTNrz2R5M
— Litecoin (@litecoin) September 15, 2024
Litecoin Network Still Holds Strong Position
From a network perspective, Litecoin remains strong. As of block height 2,759,178, the network boasts a hashrate of 1.3 PH/s and a difficulty of 41,089,116. These metrics reflect the robustness of the network, ensuring its security and efficiency.
Network Check: $LTC Hashrate = ⚡️ 1.3 PH/s ⚡️ at block height 2,759,178 with a difficulty of 41,089,116! pic.twitter.com/DIcQWYUmzG
— Litecoin (@litecoin) September 19, 2024
With its increased transaction volume, low fees, and high processing speed, Litecoin is positioning itself as a formidable alternative to other major networks like Ethereum. As more merchants and users look for fast and affordable transaction options, Litecoin’s performance could continue to draw attention and fuel further growth.
Whether for everyday users or businesses processing high-value transactions, $LTC is proving itself as a solid choice, offering both speed and security in the ever-evolving world of cryptocurrency.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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