A few days after Litecoin was in the news for a fake press release, their wallet activity has reportedly outpaced other large-cap cryptocurrencies! This is according to Jay Milla, the director of the Litecoin Foundation, who says that the number of active addresses on the Litecoin network (CRYPTO: LTC) has now surpassed Bitcoin, Cardano, and Dogecoin.
What’s happening with Litecoin?
Jay Miller recently sent out a tweet saying that Litecoin activity has been on a steady rise over the past one year. Based on the infographics he shared, the Litecoin network was slightly above 450k, while the active addresses for Cardano were at 214k, Bitcoin at 101k, and Dogecoin at 60k.
News releases such as the Walmart partnership play a significant role in affecting how crypto markets behave. Apart from manipulating prices, it’s also a ploy to convince investors to put their money on a particular digital coin.
While the company is seeing more activity than the other large-cap cryptocurrencies, could it be just a reaction to the fake press release, or could this impact the future prices?
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