Litecoin has officially hit a 100% uptime record since it launched! The Litecoin Foundation proudly shared a screenshot from the Litecoin uptime tracker, showing that the network has been up and running since October 23, 2011.
A smooth operator since day one
Since its creation by Charlie Lee, Litecoin has been like that reliable friend who never flakes out, and it’s been continuously processing transactions and securing its blockchain without any downtime.
This kind of reliability is quit rare in the crypto space, making Litecoin stand out among its peers.
Litecoin operates on a proof-of-work consensus using the Scrypt algorithm, which is touted as being more energy-efficient and user-friendly compared to SHA-256, and also, this setup makes it easier for more people to get involved without needing a tech degree or a mining rig the size of a small car.
Hashrate ATH
On December 26, Litecoin reached another milestone when its hashrate went past 2 PH/s, and in 2024, the average daily active addresses for Litecoin climbed to 401,000, up from 366,000 in 2023.
The peak activity was in early January, with 1.37 million active addresses in just one day. That’s like throwing a party and having everyone show up!
As of December 23, there were about 8.25 million addresses holding LTC, with most of them being long-term investors, and 54% of these holders are currently sitting pretty in profit. Plus, 78% of Litecoin addresses have held onto their LTC for over a year.
These long-term holders tend to buy during bear markets and sell when prices are high.
Market share
At the time of writing, Litecoin was down about 5%, trading at $100, and ranking as the 25th largest cryptocurrency with a market cap of around $7.48 billion.
While it’s had its ups and downs in the past months, this uptime milestone and growing network activity paint a promising picture for LTC’s future.
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