Litecoin saw the daily active addresses count rise spectacularly.
The massive market wide bloodbath wiped out LTC’s gains from the second half of December.
Litecoin [LTC] has witnessed another surge in its daily active addresses. A Santiment post on X (formerly Twitter) highlighted this development.
The post noted that such a rise could lead to an increased market cap, which is another way to say that prices would appreciate.
#Litecoin, #Maker, and #LidoDao are all seeing rapidly rising address activity. Typically, this gradually rising utility is accompanied by market cap growth. While $MKR and $LDO have seen this come to fruition, $LTC has yet to see a similar rise. https://t.co/hOwwknnP98 pic.twitter.com/rbmswUrx82
— Santiment (@santimentfeed) January 4, 2024
This is because of the increased utility of the token and the uptick in demand for it. Litecoin has seen a surge in this metric twice in December, and each was followed by a sustained rally. Could history repeat itself
We współpracy z: https://ambcrypto.com/litecoin-user-count-grows-amidst-a-freefall-in-prices-what-now/
