Despite Cardano's higher market capitalization compared to Litecoin by nearly $10 billion, its network activity falls significantly short. On May 31st, Litecoin recorded 357,260 active addresses, whereas Cardano only had 28,630, indicating a substantial difference in user engagement.
Read MoreWhile Bitcoin and Dogecoin often steal the spotlight in crypto news, Litecoin, despite being a quieter presence, remains a significant player in the industry.
Read MoreRecent on-chain data indicates that Litecoin whales have collectively engaged in a buying spree, amounting to approximately $230 million. This significant investment surge suggests a potentially bullish outlook for the coin.
Read MoreLitecoin has risen to prominence as the preferred cryptocurrency for transactions on the Bitpay crypto payments platform, surpassing Bitcoin in adoption among users.
Read MoreA significant portion of the cryptocurrency market saw changes for the majority of April, and Litecoin [LTC] was no exception. But pricing performance is not the point here. Rather, the Hodler Net Position Change was the noteworthy rotation.
Read MoreWith over 14,000 tokens in circulation and a $2.4 trillion market capitalization, more might not always be better. Forbes has identified a set of 20 cryptocurrencies, nicknamed "zombie blockchains," that, in spite of their lack of user acceptance and real-world utility, continue to command high market prices.
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