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Title: Litecoin (LTC) Reaches Historic 37 Million Active Addresses in a Single Day
Litecoin (LTC), the fifth-largest cryptocurrency by market capitalization, has achieved a significant milestone by reaching an all-time high of 37 million active addresses in a single day. This remarkable feat is a testament to the growing popularity and adoption of Litecoin across the globe.
According to recent data from IntoTheBlock, Litecoin had 8.25 million addresses with a balance as of December 23rd, indicating that most holders are long-term investors. A staggering 54% of these addresses are currently in profit, suggesting that the majority of investors have not sold their LTC during market downturns.
It’s also worth noting that 78% of Litecoin addresses have held their assets for over a year, which is an astonishingly high percentage. This could indicate that many holders are holding onto their LTC through various market conditions, including bear markets and price fluctuations.
Furthermore, it appears that almost all Litecoin activity is attributed to payments, which underscores the asset’s potential as a reliable store of value.
Source: u.today
