Bitcoin and Ethereum, two of the largest cryptocurrencies, have seen relatively stable activity in terms of active addresses recently. However, two alternative coins, Litecoin and Dogecoin, have generated excitement with significant surges in address activity according to blockchain analytics company IntoTheBlock.
Specifically, Litecoin saw over 231,000 active addresses per day while Dogecoin exceeded 46,000. Despite turbulent market conditions, both coins saw noteworthy spikes per IntoTheBlock’s data.
Looking at price action, Dogecoin is currently trading around $0.064, up 1.3% week-over-week according to CoinGecko. Litecoin sits at $64.77, dipping 0.2% over 24 hours but gaining 1.5% over the past week. However, Litecoin’s monthly performance shows a 22.0% decline.
In other news, perpetual futures contracts for Litecoin and Dogecoin tied to Binance USD were recently delisted from top exchange Binance. The increased address activity for Litecoin and Dogecoin demonstrates continuing interest and real-world usage despite weakness in broader crypto markets.
LATEST POSTS
- Binance Coin Rises in Market Cap Rankings After Surpassing XRP
- X2 Token Sees Brief Price Spike Before Sharp Decline, Raising Concerns Over Sustainability
- The Sandbox(SAND) and Chainlink(LINK) See Gains, While Newcomer Pomerdoge Aims for Bigger Returns
- SmarDex (SDEX) Explores Innovations in DeFi With Multi-Chain Expansion
- Large Transactions Seen in Uniswap (UNI) – What Could This Mean?