According to Jay Milla, the director of the Litecoin Foundation, the number of active addresses on the Litecoin LTC/USD network has surpassed that of Bitcoin Cash BCH/USD, and Dogecoin DOGE/USD.
In a recent tweet, Jay mentioned that the growth of wallet activity on the Litecoin network has risen to 450k, outpacing other large-cap cryptocurrencies.
Cardano’s ADA/USD active address count stood at 214k, followed by Bitcoin Cash with 101k and Dogecoin with just 60.89k.
The active address is a metric measured in terms of an increase in the network activity on-chain, and based on this, analysts can predict the behavior pattern of the crypto market.
Recently Litecoin was in the news for a fake press release about Walmart Inc WMT accepting cryptocurrency payments from shoppers using Litecoin.
Later the company released a statement saying this was false news and one of its employees sent the tweet without verifying.
Walmart also confirmed that no such partnership exists with Litecoin.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
