Bitcoin Cash

Cryptocurrency

Litecoin

Bitcoin

Daily

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 <p class="paragraph">Using cryptocurrencies constitutes a relevant part of their demand and price formation. This use can be measured through different metrics, the network activity or daily addresses activity (DAA) being two.</p>
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 <p class="paragraph">Notably, Finbold explored the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> dashboard from the <em>Santiment</em> on December 23, spotting five <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies with the highest <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a>.</p>
 <p class="paragraph">In particular, Bitcoin (BTC) leads this rank with 911,120 Daily Active Addresses in a month, honoring its market cap leadership. BTC is the most valuable cryptocurrency, with a $857.17 billion capitalization.</p>
 <p class="paragraph">Interestingly, the second place by a 30-day DAA is Litecoin (LTC), ranked 18th by market cap. Litecoin has 70% of Bitcoin’s network activity (638,820) while having only 0.62% of its capitalization ($5.34 billion).</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="278" src="https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp" alt class="wp-image-144983" srcset="https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp 1024w, https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp 300w, https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp 768w, https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp 1536w, https://cdn.thebittimes.com/images/2023/12/23/c03804588862bc5b8c4200430fe891a3.webp 1998w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Crypto dashboard ordered by Daily Active Addresses (DAA, 30d). Source: <em>Santiment</em>
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 <p class="paragraph">Following the first two, Ethereum (ETH) has 428,330 and is the second-largest <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency by market value. Polygon (MATIC) comes in fourth, and Dogecoin (DOGE) in fifth with 217,190 and 137,770 DAA in the last 30 days, respectively.</p>
 <h2 class="wp-block-heading" id="h-litecoin-ltc-price-analysis-and-network-activity">Litecoin (LTC) price analysis and network activity</h2>
 <p class="paragraph">Among the top five <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies by <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a>, Litecoin has the highest asymmetry in its valuation. This suggests that either <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> is not the predominant fuel for price appreciation or it is a fundamental aspect that will be priced at one point – creating opportunity.</p>
 <p class="paragraph">Meanwhile, LTC trades at $72.08 per coin by press time, up only 3% year-to-date (YTD). In 2023, many cryptocurrencies with lower network activity have seen massive gains superior to 100%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/23/68cd48a225bd3cb022e35e834a4ce1e5.webp" alt class="wp-image-144984" srcset="https://cdn.thebittimes.com/images/2023/12/23/68cd48a225bd3cb022e35e834a4ce1e5.webp 1024w, https://cdn.thebittimes.com/images/2023/12/23/68cd48a225bd3cb022e35e834a4ce1e5.webp 300w, https://cdn.thebittimes.com/images/2023/12/23/68cd48a225bd3cb022e35e834a4ce1e5.webp 768w, https://cdn.thebittimes.com/images/2023/12/23/68cd48a225bd3cb022e35e834a4ce1e5.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   LTC YTD price chart. Source: Finbold
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 <p class="paragraph">It is also notable that Litecoin’s daily address activity usually surges during Bitcoin transaction fee spikes. Currently, Bitcoin transactions are already costing more than the global daily average income of $26 per individual. However, according to <em>Sentiment</em>, this does not prevent BTC from being in the first place by network activity.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-5-cryptocurrencies-by-network-activity-to-buy-in-january-2024-tbt74622.html">https://thebittimes.com/top-5-cryptocurrencies-by-network-activity-to-buy-in-january-2024-tbt74622.html</a></p>

Top 5 cryptocurrencies by network activity to buy in January 2024

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