Created as a cheaper and faster alternative to Bitcoin, Litecoin was first functioning as a method to transfer Bitcoin during peak cycle. Right now, however, it is making a transition to becoming more of a regular, payment, and transaction-focused cryptocurrencies. While its blockchain is nowhere near as busy as BTCs, the LTC blockchain is far from a ghost town. The coin maintained a high level of activity for a decade, and its acceptance is second to that of Bitcoin itself.
As 1 of only 4 cryptocurrencies on Venmo and Paypal and 1 of only 2 accepted in crypto ATM’s sites globally, Litecoin is certainly a force to be reckoned with. Litecoin has been added to many global financial instruments and portfolios, with Grayscale’s Litecoin Trust being one of the most prominent. However, its market cap is way behind when compared to Bitcoin. In the meantime, the number of transactions for Litecoin has been growing steadily ever since its creation. Litecoin has some serious potential in the future.
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