marked its twelfth anniversary by reaching an all-time excessive (ATH) in community hashrate at 1.1 petahashes per second (PH/s), as reported by the Litecoin Basis in the present day. This achievement demonstrates the robustness of its blockchain safety, which has seen constant progress from 1 terahash per second (TH/s) in August 2014 to over 750 TH/s in August 2023.
Along with this milestone, the community recorded a complete of 180 million transactions over its operational years, a transparent indication of elevated utilization and adoption of the cryptocurrency. The on-chain analytics agency Santiment famous a big uptick in Litecoin’s tackle exercise and whale transactions in October, mirroring ranges seen in June 2023.
Regardless of these developments in safety and utilization, Litecoin’s worth confirmed indicators of consolidation. It peaked at $72.45 on Sunday, October 24, earlier than falling barely to $69.44. This worth motion underscores the cryptocurrency’s efficiency since August, when it started to indicate indicators of stabilization after a interval of volatility.
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