Here’s Why Litecoin (LTC) Has Surpassed Dogecoin in Total Transaction Count
Litecoin’s transaction count has ranked ahead of top cryptocurrencies like Dogecoin over the past six months, according to data shared by the protocol. Only Bitcoin ranked higher within that time frame, and Litecoin recorded more transaction counts than Ethereum, USDC stablecoin, Bitcoin Cash, and Polygon. It has proven to excel as a payment token over time, responsible for 23.71% of total transactions conducted in February on BitPay. However, the current transaction count is not impacting its price, which is down 16.36% at a spot price of $69.52 due to ongoing sell-offs in the industry. Despite this, Litecoin is projected to record more significant price growth over time, especially with its upcoming halving less than 150 days away. The cryptocurrency has an impressive price action, and with its growing adoption for payments, the expectation is that more accumulation will be recorded, translating to high price growth over time.
About The Author
