Litecoin (LTC) Overtakes Bitcoin (BTC) and Ethereum (ETH) as the Top Choice for Crypto Payments
- DDDOriginal
- 2024-10-05 10:20:13931browse
Litecoin (LTC) has continued to prove itself as a leader in the crypto payment space, overtaking major digital assets like Bitcoin (BTC) and Ethereum (ETH).
Litecoin (LTC) has emerged as the preferred cryptocurrency for payments, surpassing Bitcoin (BTC) and Ethereum (ETH), recent data from BitPay reveals.
Over the past week, Litecoin has accounted for the highest proportion of transactions, capturing 37% of all payments made using cryptocurrency.
This surge in Litecoin usage is attributed to its fast payment capabilities and low transaction fees, making it an attractive option for individual users and businesses seeking cost-effective solutions for online payments.
In contrast, Bitcoin’s transaction share has declined, reaching only 25.8% of the total, largely due to a price drop triggered by the recent conflict between Iran and Israel, which has also caused the total market volume to decrease by 20%, reaching $30 billion.
Furthermore, Ethereum’s transaction share stands at 10.23%, trailing behind Litecoin and Bitcoin.
Meanwhile, Litecoin’s price has seen a slight increase of 2.6% over 24 hours, currently trading at $64.98. This modest price rise, combined with the growing preference for Litecoin in the payments landscape, could potentially influence future price movements for the cryptocurrency.
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