Litecoin surpasses Dogecoin and Bitcoin to become the best cryptocurrency in the payment sector
Litecoin It has emerged as a prominent force in the cryptocurrency payment sector, surpassing major digital currencies such as Dogecoin, Bitcoin, and Ethereum. The best choice for cryptocurrency payments Learn about Bitpay, a leading Bitcoin payment service provider.
Litecoin at the forefront of cryptocurrency payments
In recent years presentation On X (formerly Twitter), the Litecoin team revealed that LTC has taken the #1 favorite spot. Cryptocurrency for payment At BitPay. Sharing a chart of the number of Bitpay payments by cryptocurrency, the team revealed that Litecoin recently achieved a milestone, recording approximately 41.76% of the total number of transactions on the platform.
Bitpay’s official website also acknowledged this significant achievement, confirming that “Litecoin is the most commonly used cryptocurrency for transactions” on its payment platform. It is outperforming the following popular cryptocurrencies: bitcoin and DogecoinLitecoin achieved this milestone by a huge margin.
According to BitPay data, the number of transactions in Bitcoin was 24.36%, a noticeable decrease of 17% compared to Litecoin. meantime, Ethereum DelayBitpay’s payment count barely reached double digits at 9.05%.
Although prominent altcoins Dogecoin Despite their attempts to leave their mark, LTC left them behind. Dogecoin, Maintaining 4th place Bitpay’s transaction count only accounted for 6.8% of the total number of transactions.
In addition to this recent achievement, the Litecoin Foundation has previously published In January 2024, Litecoin hit a “new all-time high of 38.25% of all payments processed” through Bitpay, surpassing both Bitcoin and Dogecoin. These developments exceed expectations, setting new standards and highlighting the excellence and solid fundamental principles of cryptocurrency. Standard for digital payments.
With its recent surge boasting over 40% of Bitpay’s total transaction count, Litecoin continues to make significant progress and capitalize on potential opportunities amid market conditions. Increased adoption rate User confidence increases.
LTC is now trading at $88. Chart: TradingView
LTC fundamentals become stronger
It is worth noting that as Litecoin dominates the cryptocurrency payments space, the fundamentals of the cryptocurrency are also becoming stronger. like decided By cryptocurrency community member and Litecoin supporter, LTC is witnessing its most optimistic year yet.Quickly capitalize on positive trends in the cryptocurrency market.
Cryptocurrency members also suggested changes in market sentiment for the coin, highlighting the following: Investor interest is growing Traders on the value and future prospects of cryptocurrency. Currently, the price of Litecoin is steadily rising. Approach $100 goalEffectively leverage ecosystem developments to increase value and adoption.
According to CoinMarketCap, at the time of writing, the cryptocurrency is trading at $88.00, which represents a significant 25.02% rise over the past month.
Featured image from Pexels, chart from TradingView
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