One of Litecoin's biggest growth spurts in its nearly 12-year history is currently taking place

One of Litecoin's biggest growth spurts in its nearly 12-year history is currently taking place

Recently, Litecoin has seen a surge in activity. According to on-chain data, the number of transactions on the network has skyrocketed by 400% in a short period. This surge indicates a growing number of users, and applications are embracing the Litecoin blockchain, attributed to its recent success.

I believe that the adoption of the LTC-20 standard has played a crucial role in this success story. The advent of LTC-20 tokens has opened up new avenues for DeFi applications, NFTs, and other digital assets, leading to a significant increase in network usage.

These days there's plenty of good news regarding my investments, first, MagicCraft token a few days ago on Bitget had risen to the top gainers, and now this news about Litecoin. I'm so hyped!

The distribution of Litecoin's holders is what has caught our attention as it has grown. 50% of the supply is held by small-to-average retail investors, indicating a good wealth distribution and promoting a more stable and fair ecosystem. Four million LTC are also still held in previous addresses, demonstrating the community's steadfast allegiance to and conviction in the merits of Litecoin.

It's awesome that currently, 60% of Litecoin holders are in profit, signifying the financial gains that the recent price appreciation has brought to its community.

submitted by /u/the_phallus_of_joy
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