- Retail Litecoin users found the LTC20 test worthy of admiration.
- The project’s creator opined that an LTC rally could be next after the halving.
Litecoin [LTC], which recently introduced the LTC20 token standard, was caught in a wave of surging active addresses. According to Santiment, the 24-hour active addresses grew from an eye-sore state on 2 May and reached 900,000 eight days later.
Read Litecoin’s [LTC] Price Prediction 2023-2024
Active addresses indicate the level of user interaction around a coin. This is measured by the number of unique sending and receiving wallets.
Although the metric decreased slightly at press time, it remained far above all the points it had reached before the start of May.
LTC20: Riding on the BRC-20 hype, and thriving
Surely, one would have wondered what was responsible for the change in trend.
Santiment, in its 12 May analysis, opined that the introduction of LTC20 played a vital role in the stretching effect since the surge began on the day the standard was introduced.
With the Litecoin
Go to Source to See Full Article
Author: Victor Olanrewaju
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
