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1/ #Litecoin can handle up to 56 transactions per second
It is currently averaging 0.5 #LTC trx/ps (1 every 2 seconds) & rising steadily over the past 4 months (March was 0.22)
The last time the average trx rate was this high, was early Dec '17
Cont...
It is currently averaging 0.5 #LTC trx/ps (1 every 2 seconds) & rising steadily over the past 4 months (March was 0.22)
The last time the average trx rate was this high, was early Dec '17
Cont...
2/ Why is this important or encouraging if it is only 0.5 #LTC trx/ps?
Prior to its listing on Coinbase in early '17, it averaged between 0.03 & 0.11 trx/ps
After its listing, it jumped to between 0.09 & 0.65 trx/ps through the end of Nov '17
Prior to its listing on Coinbase in early '17, it averaged between 0.03 & 0.11 trx/ps
After its listing, it jumped to between 0.09 & 0.65 trx/ps through the end of Nov '17
3/ The mega bull run caused trx/s to jump from 0.65 all the way up to as high as 2.61 trx/s on 1/4/18, the peak of the last bull run.
After that, it quickly returned to average between 0.27 & 0.4 trx/s, with it at 0.27 trx/s on 12/14/18, the bear market low of $23.42 per #LTC
After that, it quickly returned to average between 0.27 & 0.4 trx/s, with it at 0.27 trx/s on 12/14/18, the bear market low of $23.42 per #LTC
4/ The 2 year bear market of 2018-19 kept average trx/s levels for #Litecoin between 0.27 & 0.55, with the peak on 6/22/19 when traders caused the spike to $141 before dumping prior to the halving in July.
Again, why is this important?
Cont...
Again, why is this important?
Cont...
5/ #Litecoin is currently averaging 0.5 trx/s at roughly $59 per coin. This means it's average usage has doubled since the start of the last bull run & is gaining steam.
So much so, that trx's have outpaced historical price, which means price is not showing it's true value.
So much so, that trx's have outpaced historical price, which means price is not showing it's true value.
6/ The usage rate for #Litecoin will continue to climb during 2020 & beyond to much higher than the former high of 2.61 trx/s & should take the price with it over time.
This shows that real adoption HAS indeed occurred, even through the 2 year bear market & will continue to grow
This shows that real adoption HAS indeed occurred, even through the 2 year bear market & will continue to grow
7/ A real increase for value in trx/s + bull run speculators/traders paints a positive picture for #Litecoin moving forward as #LTC trx's currently are at only 1% it's capacity per second. Hence such low trx fees of less than $0.002 per trx.
One last note...
One last note...
8/ Lastly #Litecoin is $59 per coin with a steadily growing average trx rate of currently 0.5 trx/s
#BItcoinCash is $318 with a steadily decreasing avg trx rate of between 0.16 & 0.20 trx/s with >50% of trx's done by less than 100 wallets each day
Which has more real value?
#BItcoinCash is $318 with a steadily decreasing avg trx rate of between 0.16 & 0.20 trx/s with >50% of trx's done by less than 100 wallets each day
Which has more real value?
