Litecoin Beats Out Dogecoin, Bitcoin To Emerge As Top Crypto For Payments
09 Marzo 2024 - 1:00PM
NEWSBTC
Litecoin has emerged as a standout performer in the cryptocurrency
payments sector, overtaking prominent digital currencies such as
Dogecoin, Bitcoin, and Ethereum as the top choice for crypto
payments on leading Bitcoin payment service provider, Bitpay.
Related Reading: Don’t Miss Out: XRP Bull Flag Signals Explosive
Price Movement Litecoin At The Forefront Of Crypto Payments In a
recent announcement on X (formerly Twitter), the Litecoin team
revealed that LTC has claimed the top spot as the most preferred
cryptocurrency for payments on Bitpay. Sharing a chart of Bitpay’s
payment count by cryptocurrency, the team disclosed that Litecoin
has hit a recent milestone, scoring approximately 41.76% of the
platform’s total transaction count. Bitpay’s official website has
also acknowledged this significant achievement, confirming that
“Litecoin is the cryptocurrency most commonly used for
transactions” on its payment platform. Surging higher than popular
cryptocurrencies such as Bitcoin and Dogecoin, Litecoin has
achieved this milestone by a staggering margin. Bitpay’s data
disclosed that Bitcoin’s transaction count hovered at 24.36%,
marking a notable decrease of 17%, compared to Litecoin. Meanwhile,
Ethereum lags, barely hitting the double-digit mark with a modest
9.05% on Bitpay’s payment count. Even as prominent altcoins
like Dogecoin attempt to make their mark, LTC has left them
trailing behind. Dogecoin, holding the 4th position in Bitpay’s
transaction count, only managed to score 6.8% in the total
transaction count. Adding to this recent achievement, the
Litecoin Foundation had previously disclosed in January 2024, that
Litecoin had hit “a new all-time high of 38.25% on all payments”
processed through Bitpay, outpacing both Bitcoin and Dogecoin
again. This development underscores the cryptocurrency’s prominence
and robust fundamentals, surpassing expectations as it sets a new
standard for digital payments. With the latest surge,
boasting over 40% in Bitpay’s total transaction count, Litecoin
continues to make substantial strides, leveraging the potential
opportunities amid the rising adoption rates and surge in user
confidence. LTC is now trading at $88. Chart: TradingView LTC
Fundamentals Grow Stronger As Litecoin dominates in crypto
payments, it’s worth noting that the cryptocurrency has also been
growing stronger in its fundamentals. As stated by a crypto
community member and Litecoin supporter, LTC is witnessing its most
bullish year, quickly taking advantage of the positive trends in
the crypto market. The crypto member also suggests a shift in
the coin’s market sentiment, underscoring the rising interest from
investors and traders in the cryptocurrency’s value and future
prospects. Currently, the price of Litecoin is steadily approaching
the $100 milestone, effectively leveraging its ecosystem’s
developments to boost its value and adoption rates. Related
Reading: Bitcoin Bulls On Alert: Top Analyst Anticipates A Big
Spike In The Cards At the time of writing, the cryptocurrency is
trading at $88.00, indicating a substantial 25.02% gain over the
past month, according to CoinMarketCap. Featured image from
Pexels, chart from TradingView
Grafico Azioni Litecoin (COIN:LTCUSD)
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Grafico Azioni Litecoin (COIN:LTCUSD)
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