Litecoin (LTC) Surpasses Dogecoin (DOGE) in On-Chain Activity, Signaling Whale Confidence

Litecoin Outperforms Dogecoin in Transaction Volume

Litecoin (LTC) has surged past Dogecoin (DOGE) in on-chain transaction volume, according to data from IntoTheBlock. Litecoin processed over $2.85 billion in daily transactions worth over $100,000, while Dogecoin recorded $590 million despite having a higher market capitalization.

Whales Driving Litecoin Growth

This surge in Litecoin's transaction volume indicates growing investor confidence, particularly among large-scale investors or "whales." Investors are attracted to Litecoin's stability, track record, and potential for steady growth.

Litecoin's Growing Advantage

Unlike Dogecoin, which was initially created as a joke, Litecoin has a strong technological foundation and real-world applications. Its recent network upgrades, including MimbleWimble Extension Block (MWEB), enhance privacy and appeal to privacy-conscious users.

Positive Indicators for Litecoin

Additional positive signs for Litecoin include:

• Reduction in miners' reserves
• All-time high hashrate
• Merger with Dogecoin for improved security and miner compensation
• Positive cash flow
• Bullish divergence in price and network activity

Market Analysis

Litecoin's price has also shown positive signs, rising 1.28% to $69.86 within 24 hours. Crypto analyst MASTERBTCLTC predicts a potential rally ahead, suggesting that Litecoin's eighth year in its eight-year cycle may bring significant growth.