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Litecoin (LTC) has emerged as the talk of the town. The increased interest around a potential Litecoin exchange-traded fund (ETF) has put the altcoin under the spotlight. Over the past couple of months, the activity in the LTC network was seen soaring. Data from Santiment reveals the rise in market capitalization and transaction volume that has recorded a massive uptick. But the real question is if the price will follow suit. Also Read: VeChain: Analyst Predicts VET Could Rally 23%, Hit $0.039 Network Activity Records Major Uptick Source: The Coin Republic In a recent post, Santiment revealed that Litecoin’s market capitalization climbed by 46%. This was between February 2 and February 19, indicating heightened investor interest. Currently, the asset’s market cap stands at $10.13 billion. Santiment linked this growth to Litecoin’s rising network utility. Looking back at August 2024, LTC’s daily transaction volume was at $2.8 billion. After a 243% uptick, the netw...

During the last week of April, the number of awaiting transactions on the Bitcoin (BTC) network started to surge, reaching a peak in May, followed by very expensive transaction fees being charged from Bitcoin holders moving their coins. Since then, the Bitcoin mempool remained congested with hundreds of thousands of stuck transaction s waiting in line to be added to a block and confirmed by the network , in order for the sent BTC to be received at the destination. However, things started to change six months later, in the last week of September. At the time of publication, data retrieved by Finbold from Johoe’s Bitcoin node , on October 3, shows 6-month lows for the number of awaiting transactions in the network — with only 31,000 transactions waiting in line. Notably, the numbers were over 20 times higher than at its worst moments this year. On May 8 it reached a new high of 472,000 awaiting transactions, followed by a new high of 490,000 on August 11, and the all-time high numbe...

The Ethereum (ETH) price saw a notable surge on Aug. 29 after consolidating around the $1,650 mark for ten days. However, Santiment data suggests there are still more daily transactions in loss. According to the market intelligence platform, the ratio of daily profit and loss transactions dropped to 0.62.  ETH price, ratio of daily transactions in profit to loss and whale activity – Aug. 30 | Santiment Per Santiment, the ratio hit a three-week high of 1.37 on Aug. 29, when ETH was trading at around $1,740. You might also like: Ethereum will dominate stablecoin wars, expert says Moreover, the number of Ethereum whale transactions , consisting of at least $100,000 worth of ETH, has dropped significantly while the asset still holds above the $1,700 mark. Per Santiment, the whale transactions count hit a local high of 5,281 on Aug. 17 as the global crypto market, including ETH’s price, significantly declined. On Aug. 29, the number of Ethereum whale transactions al...