Litecoin has emerged as a leader in the Proof-of-Work sector, with a significant share of network activity compared to other cryptocurrencies. According to recent data, the Litecoin blockchain recorded 237,064 active addresses in the last 24 hours, representing 56% of its sector's total.
Litecoin's operational dominance is attributed to its low transaction fees, which are significantly lower than those on the Bitcoin mainnet. This competitive advantage has attracted investors and services that frequently perform bulk payments.
The cryptocurrency's price is still trading at a significant discount to its all-time high, with a recent 3.5% decline settling it in the $52.78 per unit range. However, market experts suggest that this disconnect between technical success and current financial performance could be a signal of accumulation.