The Litecoin network continues its impressive growth trajectory, with the total number of addresses holding a balance now exceeding 8 million.
This marks an increase of over a million new hodlers in the past year, according to data from IntoTheBlock. This surge reflects a growing interest and confidence in Litecoin as a robust cryptocurrency asset.
The total number of addresses with a balance on the Litecoin Network continues to grow! Currently over 8 million and adding over a MILLION hodlers since last year!! Source: @Intotheblock $LTC #HODL https://t.co/ObnimM2rqt
— Jay (@MillaLiraj) July 23, 2024
A recent analysis by Santimentfeed revealed a 10-year chart comparing notable altcoins and the number of non-empty wallets (hodlers) on their respective networks. The data highlights Litecoin’s strong position in the crypto space:
Litecoin: 8.08M wallets
Dogecoin: 6.69M wallets
XRP Ledger: 5.24M wallets
Cardano: 4.48M wallets
Shiba Inu: 1.39M wallets
Chainlink: 722K wallets
Below is the 10-year chart of notable altcoins and the amount of non-empty wallets (hodlers) on their respective networks:
Litecoin: 8.08M Wallets
Dogecoin: 6.69M Wallets
XRP Ledger: 5.24M Wallets
Cardano: 4.48M Wallets
Shiba Inu: 1.39M Wallets
Chainlink: 722K Wallets pic.twitter.com/BiF97RBJmz
— Santiment (@santimentfeed) July 24, 2024
This chart underscores Litecoin’s significant user base, outpacing other popular cryptocurrencies like Dogecoin and Cardano.
Litecoin Network Achieved Milestone With Over 26 Million Ordinals Inscribed
Additionally, Litecoin’s network has achieved another milestone with over 26 million Ordinals inscribed. Remarkably, 2 million of these inscriptions were added in the last month alone, showcasing the increasing activity and engagement within the Litecoin community.
There are now 26 MILLION Ordinals inscribed on Litecoin! Adding another 2 million in the last month alone! #Litecoin $LTC #Ordinals #LTC20 pic.twitter.com/PNJErmrlhS
— Litecoin (@litecoin) July 20, 2024
The steady rise in the number of hodlers and the burgeoning number of Ordinals inscriptions signify a robust and growing ecosystem. This momentum is indicative of Litecoin’s enduring appeal and its potential for future growth as more users and developers engage with the network.
Overall, these developments paint a positive picture for Litecoin’s future, as the network continues to attract new users and foster increased activity. With its expanding user base and growing number of Ordinals, Litecoin is well-positioned to maintain its status as a leading cryptocurrency in the evolving digital asset landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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