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Litecoin, which was created as a fork of Bitcoin in 2011 and called digital silver, dropped by more than 30% after last August, falling to $ 56.
However, LTC recovered during the subsequent increases and rose above $90.
LTC, which continues to trade at $87 at the time of writing, has surpassed Bitcoin in usage in payments.
Accordingly, Litecoin has surpassed BTC as a payment option on BitPay. LTC payment dominance reached an all-time high of 41%, surpassing Bitcoin in payments, marking a major milestone for itself.
The rise in the use of LTC in payments underscores a growing trend towards digital assets in payment transactions in general, showing that more individuals and merchants are bypassing expensive intermediaries and using digital assets.
Despite Bitcoin's recent rise to all-time highs, adoption of BTC as a payment protocol has not risen at the same rate. Because BitPay data shows that Litecoin tops the list as the most used cryptocurrency for transaction payments with a dominance rate of 41.76%, while Bitcoin has a dominance rate of 24.36%.
According to BitPay's chart, the use of Ethereum (ETH) as a payment method remains at only 9%, Dogecoin (DOGE) at 6.8%, Polygon (MATIC) at 5.06%, Bitcoin Cash (BCH) at 5%, USD Coin was on the chart with a rate of 59 and a rate of 3.69%.
In Litecoin, which has recorded a 2% increase in the last 24 hours, experts expect that the increase in usage in payments over time will have a positive reflection on the price.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BREAKING: <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a> is the #️⃣ 1️⃣ <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> for payments!! Reaching a new ATH of over 41% of all payments on the world's leading crypto payment processor <a href="https://twitter.com/BitPay?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Bitpay</a>!!! <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> is the market leader in real use.. More people <a href="https://twitter.com/hashtag/PayWithLITECOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PayWithLITECOIN</a> than the other 3 combined!! <a href="https://t.co/RPnYacJiF0" rel="noopener noreferrer nofollow">pic.twitter.com/RPnYacJiF0</a>
 — Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1765852304065114341?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 7, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/this-altcoin-smashed-bitcoin/" rel="noopener noreferrer nofollow">This Altcoin Smashed Bitcoin!</a>

This Altcoin Smashed Bitcoin!

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