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Home Crypto News Analysis Litecoin Has Flipped Ethereum In Term Of Address Activity

Litecoin Has Flipped Ethereum In Term Of Address Activity

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Based on recently released data by Santiment, Litecoin has overtaken the second-largest cryptocurrency Ethereum, by the number of active addresses.



Popular analytics service Santiment announced that the 15th-largest crypto, LTC has taken over the biggest DeFi and NFT platform Ethereum by active wallets.

Santiment analysts believe that activity within the Ethereum chain is being impacted by the high current fees.

Additionally, Santiment tweeted that the Litecoin payment count, which determines the number of wallets accepting LTC has reached a record high.

 

In September this year, word began to circulate that the retail giant Walmart was looking at accepting Litecoin. This gave Litecoin a boost initially; however, later on, the news turned out to be fake.

Litecoin Foundation chief Charlie Lee told the mainstream media that he was a victim of this unsubstantiated rumor. He tweeted it, not realizing that it was a hoax, and then promptly removed the tweet.

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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