latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Litecoin celebrates two milestones as it struggles to hold relevancy

Litecoin has managed to eke out a milestone — processing its 180 millionth transaction — even as litecoin ( LTC ) the asset — once the second-largest crypto behind bitcoin — struggles to remain relevant in the eyes of crypto investors.

A post on X , formerly Twitter, by the Litecoin Foundation celebrated the win on Tuesday, including that in 2023 alone the platform has seen over 51 million transactions, surpassing last year’s total of 39 million.

However, despite the welcomed activity, Litecoin’s financial and operational health remains in question. Data from the project’s primary GitHub repository shows no code commits have been conducted in the last five months.

Compounding problems, the project’s native token of the same name has witnessed a staggering decline of roughly 45% in its value since July, dropping from a local peak of $114 to its current standing at $63.

Its downward slide is a stark contrast to its soaring all-time high of $413, posted more than two years ago. The narrative of digital silver to bitcoin’s gold has lost its sheen.

Litecoin’s fee revenue further underscore the project’s tumultuous journey, which, despite processing more transactions than the previous year, has fallen considerably.

In May 2021, during the throes of the previous bull run, fees generated by Litecoin peaked at $186,000. However, as of October this year, that figure has since plummeted by 68%, settling at a modest $6,000, data from Token Terminal shows.

Such fluctuations hint at varying transaction volumes or changing user activity dynamics as the bear market continues to bite, pushing certain projects further out of the minds of investors. While the platform boasts a circulating supply of 73.5 million LTC and a market cap of $5.3 billion, up 2.2% over the last 30 days, the crypto has dropped to 15th spot, Blockworks Research shows .

Don’t miss the next big story – join our  free daily newsletter .

Follow Sam Bankman-Fried’s trial with the latest news from the courtroom . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Litecoin celebrates two milestones as it struggles to hold relevancy

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Dokky PRO - Bookcase Shop Script