bitcoin-holders-litecoin-investors-are-the-real-diamond-hands-according-to-this-metric/” target=”_blank” rel=”nofollow”>Litecoin has emerged as a prominent player in the cryptocurrency payments sector, surpassing prominent digital currencies such as Dogecoin, bitcoin and ethereum as the the best option for crypto payments about the leading bitcoin payment service provider, Bitpay.
Litecoin at the forefront of crypto payments
In a recent advertisement On X (formerly Twitter), the Litecoin team revealed that LTC has claimed the top spot as the most preferred cryptocurrency for payments on Bitpay. Sharing a graph of Bitpay's payment count by cryptocurrency, the team revealed that Litecoin has reached a recent milestone, with approximately 41.76% of the platform's total transaction count.
Bitpay's official website also recognized this important achievement, confirming that “Litecoin is the most used cryptocurrency for transactions” on its payments platform. Rising more than popular cryptocurrencies like bitcoin-most-used-crypto/” target=”_blank” rel=”nofollow”>bitcoin and DogecoinLitecoin has achieved this milestone by an astonishing margin.
Data from Bitpay revealed that bitcoin's transaction count stood at 24.36%, which is a notable decrease of 17%, compared to Litecoin. Meanwhile, ethereum is delayedbarely reaching the double-digit mark with a modest 9.05% in Bitpay's payment count.
Even when prominent altcoins like Dogecoin attempt to leave their mark, LTC has left them behind. dogecoin, maintaining 4th position in Bitpay transaction count, it only managed to score 6.8% in total transaction count.
In addition to this recent achievement, the Litecoin Foundation had previously revealed By January 2024, Litecoin had reached “a new all-time high of 38.25% on all payments” processed through Bitpay, again surpassing bitcoin and Dogecoin. This development underlines the prominence and strong fundamentals of the cryptocurrency, exceeding expectations by establishing a new bitcoin-21/” target=”_blank” rel=”nofollow”>standard for digital payments.
With the latest surge, with over 40% in Bitpay's total transaction count, Litecoin continues to make substantial strides, capitalizing on potential opportunities amid the increasing adoption rates and an increase in user confidence.
LTC is now trading at $88. Chart: TradingView
LTC Fundamentals Strengthen
With Litecoin dominating crypto payments, it is worth noting that the cryptocurrency has also become stronger in its fundamentals. As fixed by a member of the crypto community and Litecoin supporter, LTC is experiencing its most bullish yearQuickly taking advantage of positive trends in the crypto market.
The crypto member also suggests a change in market sentiment for the coin, underscoring the growing investor interest and traders on the value of cryptocurrency and future prospects. Currently, Litecoin price is constant approaching the $100 milestoneeffectively leveraging developments in its ecosystem to increase its value and adoption rates.
At the time of writing, the cryptocurrency is trading at $88.00, indicating a substantial gain of 25.02% over the past month, according to CoinMarketCap.
Featured image from Pexels, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent NewsBTC's views on whether to buy, sell or hold investments, and investing naturally carries risks. It is recommended that you conduct your own research before making any investment decisions. Use the information provided on this website at your own risk.
