Litecoin ($LTC) is gaining momentum, with more than $100,000 traded in the past seven days, bringing the total amount to a whopping $20.09 billion.
This figure is roughly on par with Ethereum ($ETH)’s $22.83 billion, despite $ETH’s significantly larger market capitalization.
#litecoin It’s accelerating!
Transactions over $100,000 in the past 7 days now amount to $20.09 billion.
It’s almost the same level as $ETH ($22.83 billion) has a much larger market capitalization $LTC.
⚡️⚡️⚡️ pic.twitter.com/zgjkANck3w
— Bog Ⓜ️🕸 ŁTC ETF (@borderoffig) September 19, 2024
In a recent tweet, Litecoin highlighted its high processing speed and emphasized that the threat of double spending on the network is greatly reduced.
This allows sellers and dealers to process transactions much faster than other blockchains, a huge advantage for businesses that rely on fast and secure payments.
One of Litecoin’s distinguishing features is its incredibly low transaction fees, with an average fee of less than $0.01 per transaction. This makes $LTC not only a fast but also a cost-effective option for users who want to move large amounts of funds with minimal fees.
Light speed! Litecoin’s high processing speed greatly reduces the threat of double spending. As a result, sellers and dealers may be able to complete transactions significantly faster than with other networks.
Average transaction fees are less than $0.01. pic.twitter.com/7sTNrz2R5M
— Litecoin (@litecoin) September 15, 2024
Litecoin Network Remains in Strong Position
From a network perspective, Litecoin remains strong. With a block height of 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 your network and ensure its security and efficiency.
Network check: $LTC Hashrate = ⚡️ 1.3 PH/s ⚡️ with block height 2,759,178 and difficulty 41,089,116! pic.twitter.com/DIcQWYUmzG
— Litecoin (@litecoin) September 19, 2024
Litecoin has established itself as a strong alternative to other major networks like Ethereum due to its increased transaction volume, low fees, and high processing speeds. Litecoin’s performance will likely continue to attract attention and drive further growth as more sellers and users seek fast and affordable transaction options.
$LTC has proven to be a solid choice for both everyday users and businesses processing high-value transactions, offering both speed and security in the ever-evolving world of cryptocurrencies.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
Follow us on Twitter @themerklehash Stay up to date with the latest crypto, NFT, AI, cybersecurity, and metaverse news.
Image source: dusanzidar/123RF // Image effect by Colorcinch
