Litecoin has surpassed Dogecoin in total transaction volume, indicating a rise in network growth and price rebound. According to data from IntoTheBlock, Litecoin has processed $2.85 billion in transactions over $100,000 daily on average, while Dogecoin has only processed $590 million despite having a higher market capitalization.
The increase in Litecoin’s daily transactions suggests growing confidence among large-scale investors, drawn to its track record and potential for steady growth. This trend towards established cryptocurrencies with solid fundamentals is reflected in the renewed interest in LTC.
While Dogecoin has gained attention and value, largely due to community support and endorsements from figures like Elon Musk, it lags in technological development compared to Litecoin. This disparity may explain why investors are favoring Litecoin over Dogecoin.
Recent advancements within the Litecoin ecosystem, such as reduced miners’ reserves and increased network security, indicate a promising future for the coin. Additionally, Litecoin’s merger with Dogecoin has improved security and compensation for miners on both networks.
Analyzing historical cycles, it is estimated that Litecoin may reach its peak in October 2025, following an eight-year cycle of price movement. Recent network upgrades, including the MimbleWimble Extension Block, have made Litecoin more appealing to privacy-conscious users and investors.
Currently, Litecoin is showing signs of a bullish divergence, signaling a potential end to its recent downtrend. Market data reveals that LTC is up 1.28% in the past 24 hours, with a market capitalization of $5.25 billion. These developments indicate a positive outlook for Litecoin in the evolving cryptocurrency landscape.