Sunday, June 15, 2025
  • Login
  • Register
CryptoViewHub
  • News
  • Markets
  • Regulations
  • Blockchain
  • Investments
  • Guides
No Result
View All Result
  • News
  • Markets
  • Regulations
  • Blockchain
  • Investments
  • Guides
No Result
View All Result
CryptoViewHub
No Result
View All Result
ADVERTISEMENT
Home Bitcoin News
This Bitcoin-Offshoot Tops Digital Payments, Escapes SEC Scrutiny But Remains Undervalued: ‘The Bullcase…Is Massive’

This Bitcoin-Offshoot Tops Digital Payments, Escapes SEC Scrutiny But Remains Undervalued: ‘The Bullcase…Is Massive’

Crypto News by Crypto News
May 8, 2024
in Bitcoin News, Blockchain News, Blog, Crypto Investment, Ethereum News, Finance News, Industry Talks, Market, NEWS
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Litecoin (CRYPTO: LTC) remained the most preferred cryptocurrency for payments in April, outperforming all major assets, including its inspiration, Bitcoin (CRYPTO: BTC)

Related articles

Bitcoin, Ethereum, Dogecoin A Mixed Bag As Trader Points Out The ‘Key To A Future Price Reversal’

May 10, 2024

Meme Coins – Jackpots and Gambles In the Wild World Of Crypto

May 9, 2024

What happened:  According to the world’s largest crypto payment service provider, BitPay, Litecoin’s share of global payments exceeded 41% last month, up from 39% in March.

The cryptocurrency created from the hard fork of Bitcoin in 2011, has consistently topped the payments chats, with April marking its fourth straight month of dominance.

BREAKING: $LTC is the #️⃣1⃣ #crypto for payments!!

The latest numbers are out.. and #Litecoin has been #1 all year, by far the leader with over 41% choosing to #PayWithLITECOIN on the world’s leading crypto payment processor @Bitpay!!! pic.twitter.com/pajOvmD3qB

— Litecoin (@litecoin) May 8, 2024

In contrast, Bitcoin’s share of payments decreased from 25.32% in March to 21.55% in April.

Why it matters: While Litecoin was originally intended to be a payment method, it has since evolved into a tool for speculation and investment, trading regularly in the market.

Also dubbed the “digital silver” to Bitcoin’s gold, Litecoin has evaded scrutiny from U.S. regulators regarding its status, and many experts believe it to be the only other commodity in the cryptocurrency market apart from Bitcoin.

the bullcase for Litecoin is massive – the only other recognised ‘commodity’ in #crypto alongside #BTC & most reliable payment system in the world over the last decade + $LTC #LTC 🤖👀 https://t.co/rgt1QTLIQA

— RoboTrader (@RoboBTC) May 7, 2024

Despite these fundamental advantages and its impressive run as a digital payments tool, Litecoin’s market valuation remains low vis-à-vis other projects with much less utility. As of this writing, it was the 19th largest cryptocurrency, with a market capitalization of just over $6 billion, according to Benzinga Pro.

Litecoin’s Network Value-to-Transaction ratio has been on the lower side over the past year, according to on-chain analytics firm Santiment. A low NVT means that an asset is cheaper per unit of on-chain transaction volume, signaling a potentially undervalued asset.

Price Action: Litecoin was exchanging hands at $80.97 at the time of publication, falling marginally by 0.19% in the last 24 hours, according to data from Benzinga Pro. Litecoin was selling 77% lower than its all-time high in May 2021. Read Next: Bitcoin Ethereum, Dogecoin Sink Further As Regulatory Woes Weigh Down Investors: Analyst Says Majority Top Market Cap Cryptos In ‘Slight Buy Zones’

Tags: BitcoinCryptocurrency
Share76Tweet47

Related Posts

Bitcoin, Ethereum, Dogecoin A Mixed Bag As Trader Points Out The ‘Key To A Future Price Reversal’

by Crypto News
May 10, 2024
0

Cryptocurrency markets are trying to push higher on Donald Trump embracing crypto donations for his election campaign, and Market Vector...

Meme Coins – Jackpots and Gambles In the Wild World Of Crypto

by Crypto News
May 9, 2024
0

In recent times, the crypto space has witnessed an unprecedented fever: meme coins, those peculiar digital currencies born as a...

Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Asks: ‘Does It Matter If You Buy Bitcoin At $62,000 Or $58,000’?

by Crypto News
May 8, 2024
0

Cryptocurrency markets could not push into the green, as Bitcoin (CRYPTO: BTC) spot ETF outflows resumed on Tuesday.

Bitcoin Ethereum, Dogecoin Sink Further As Regulatory Woes Weigh Down Investors: Analyst Says Majority Top Market Cap Cryptos In ‘Slight Buy Zones’

by Crypto News
May 8, 2024
0

The cryptocurrency market slid further Tuesday as market sentiment remained weak amid regulatory potshots taken at cryptocurrency entities. 

Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust

by Crypto News
May 8, 2024
0

Significant interest in newly launched Bitcoin spot ETFs continued on Wednesday, with total net inflows reaching $332 million on March...

Load More

Crypto News

  • Trending
  • Comments
  • Latest
Navigating the Waves: How Bitcoin’s Decentralized Nature Influences Global Finance

Navigating the Waves: How Bitcoin’s Decentralized Nature Influences Global Finance

April 14, 2024
The Regulatory Landscape for Bitcoin: A Country-by-Country Analysis

The Regulatory Landscape for Bitcoin: A Country-by-Country Analysis

April 14, 2024
Bitcoin Innovations: What’s New in the BTC Ecosystem

Bitcoin Innovations: What’s New in the BTC Ecosystem

April 14, 2024

Bitcoin ETFs Dominate With Strong Inflows, Leaving Gold ETFs In The Dust

May 8, 2024
The Privacy Paradox: Navigating Anonymity in Cryptocurrency Transactions

The Privacy Paradox: Navigating Anonymity in Cryptocurrency Transactions

0
Interoperability Unleashed: Connecting the Crypto Universe

Interoperability Unleashed: Connecting the Crypto Universe

0
Cryptocurrency 101: Understanding the Basics

Cryptocurrency 101: Understanding the Basics

0
How to Buy Your First Cryptocurrency: Step-by-Step

How to Buy Your First Cryptocurrency: Step-by-Step

0

Bitcoin, Ethereum, Dogecoin A Mixed Bag As Trader Points Out The ‘Key To A Future Price Reversal’

May 10, 2024

Meme Coins – Jackpots and Gambles In the Wild World Of Crypto

May 9, 2024

Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Asks: ‘Does It Matter If You Buy Bitcoin At $62,000 Or $58,000’?

May 8, 2024
This Bitcoin-Offshoot Tops Digital Payments, Escapes SEC Scrutiny But Remains Undervalued: ‘The Bullcase…Is Massive’

This Bitcoin-Offshoot Tops Digital Payments, Escapes SEC Scrutiny But Remains Undervalued: ‘The Bullcase…Is Massive’

May 8, 2024

Top 5

IMPORTANT DISCLAIMER: The content available on CryptoWebHub, including linked sites, applications, forums, blogs, and social media (“Site”), is intended for general informational purposes only, sourced primarily from third-party entities. CryptoWebHub does not guarantee the accuracy, security, or timeliness of the content and services offered on our site, such as token swap features. None of the content or services we provide should be considered as financial, legal, or any specific advice on which you should rely for any purpose, nor does it involve dealing in or promoting securities requiring a license from the Monetary Authority of United Kingdom. Your use of and reliance on our content and services are at your own risk and discretion. We encourage you to conduct your own research, review, analyze, and verify our content and services before using or relying on them. Trading involves significant risks and can result in substantial losses; therefore, consult your financial advisor before making any trading decisions. No content on our Site constitutes an invitation or offer to invest or trade.

© Managed by WAC

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • News
  • Business
  • Guides
  • Blockchain
  • Market
  • Crypto Investment

© 2024 managed by WebArtCreation.

We uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.