Litecoin overtakes Bitcoin: Is there a new sheriff in town?
In a massive boost for the Litecoin [LTC] ecosystem, LTC became the most used crypto for payments for the first time in June, outperforming all major assets, including Bitcoin [BTC]. Green ba ang iyong portfolio? Tingnan ang Litecoin Profit Calculator As tracked by the world‘s largest payment processor BitPay, LTC’s share of the global payments surged to 34.9% in June, a sharp uptick from 28.78% during May. In the process, the “Silver” marginally outpaced the “Gold,” as Bitcoins share dropped from 36.39% to 34.06%. Source: BitPay Reacting to this significant development, the creator of Litecoin, Charlie Lee, sinabi, “Tbh, I wasn‘t sure we’d see this day, but it happened! Litecoin payments on BitPay surpassed even Bitcoin.” LTC flexing muscles LTC has been building strong momentum as its widely anticipated halving event is just round the corner. It was one of the top gainers in the last month among assets, with a market valuation of more than $2 billion. Riding on the positive sentiment, the coin stormed to a 14-month high of $113 earlier in the week, as per CoinMarketCap. It was worth noting that LTC‘s total transaction count increased significantly in June, reaching levels comparable to Bitcoin’s daily tally in several cases, as per Glassnode. Litecoins demand for facilitating