Litecoin transactions hit record highs

The development comes as the Bitcoin blockchain, the home of bitcoin (BTC), the largest cryptocurrency by market capitalization, is experiencing extreme levels of congestion due to the frenzy of new Bitcoin-based BRC-20 tokens. BRC-20 is a token standard that allows users to create and transfer tokens in the order protocol using the Bitcoin network.

Bitcoin's congestion has led users to look to cheaper alternatives such as stablecoins and the Lightning network to transfer value over the blockchain.

Fundamentally, nothing special happens on LTC. In crypto, FOMO explodes like a storm and it is not known how the situation on BTC will change the rules of the game

High transaction fees ended previous bull markets. We currently have many threats to the crypto market. Is this next? It can be assumed that NFT will be madly quenched by high prices and the market will wipe out the seekers of free gold

https://app.santiment.net/s/PYH_JtXm

-----

Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.