You would find Litecoin in the lead position among your crypto portfolio. Since the last five months, Litecoin network transaction volume has increased 243% to nearly reach $10 billion in daily transactions.
The surge in Litecoin transactions occurs at the same time as increasing interest about a potential Litecoin exchange-traded fund (ETF).
The spot Litecoin ETF proposed by Canary Capital gained momentum when it added itself to the Depository Trust and Clearing Corporation’s list, which indicated upcoming approval status.
Multiple experts predict that the SEC will approve a Litecoin exchange-traded fund with a 90% certainty by 2025.
The real adoption of Litecoin can be observed in its practical implementation.
The cryptocurrency stands at the top position for BitPay transactions and represents 34% of all payments processed through the platform.
The current momentum in Litecoin’s value shows mixed signs since some observers believe it stems from speculative hype rather than genuine market growth.
The crypto community remains uncertain about Litecoin’s future growth as the SEC continues to make its decision about ETF approvals.
submitted by /u/Significant_Wave_634
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