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**Litecoin (LTC) Reaches Historic 250 Million Transaction Mark**
In a significant milestone, Litecoin has reached a record-breaking 250 million transactions in a single day. This unprecedented achievement highlights the growing adoption and use case of the cryptocurrency.
As reported by IntoTheBlock data, it is essential to note that Litecoin had 8.25 million addresses with a balance as of December 23rd. It appears that approximately 37 million active addresses were seen on a single day, emphasizing the widespread usage and trust in Litecoin.
It is worth mentioning that approximately 54% of these holders are currently in profit, implying that they have been able to generate substantial gains from their investment. A total of 78% of Litecoin addresses hold their LTC for over a year, indicating that most investors are long-term holders who accumulate during bear markets and sell near high prices.
Litecoin’s transactional activity is substantial, with nearly 200,000 daily transactions occurring. It appears that these activities are primarily attributed to payments rather than speculative trading.
At the time of writing, Litecoin was down 5.13% in the last 24 hours to $99.38 and ranks the 25th largest cryptocurrency with a market valuation of $7.48 billion.
The significance of this achievement cannot be overstated.
Source: u.today
