According to Jay Milla, the director of the Litecoin Foundation, the number of active addresses on the Litecoin (CRYPTO: LTC) network has surpassed that of Bitcoin Cash (CRYPTO: BCH), and Dogecoin (CRYPTO: DOGE).
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 (CRYPTO: ADA) 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 (NYSE: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.
This news is republished from another source. You can check the original article here
Be the first to comment