Litecoin marks twelfth anniversary, holds $4.55 billion market cap

, the digital forex sometimes called “the silver to bitcoin’s gold,” lately celebrated its twelfth anniversary and underwent its third reward halving on Monday. The occasion noticed miners’ earnings decreased to six.25 LTC per block. As of mid-October 2023, Litecoin ranks because the fifteenth heavyweight within the crypto realm, boasting a virtually $4.55 billion market cap.

The digital forex is held by roughly 7.14 million distinct addresses. Its circulating provide is nearing its max cap, standing at about 73.76 million LTC out of a doable 84 million LTC. Focus of wealth is critical inside Litecoin’s ecosystem, with the highest ten wallets controlling a considerable 12.67% of the full stash. A pockets recognized as “M8T1B” leads the pack with over 2.5 million cash.

Additional down the listing, the highest twenty wallets maintain 16.41% of the full provide, whereas the highest fifty and 100 wallets management 27.14% and 37.64%, respectively. This focus contrasts with , whose prime 100 wallets maintain solely 13.64% of its circulating provide however aligns extra carefully with ‘s prime 100 holders who management 33.14%.

Compared to different digital currencies resembling , whose prime ten wallets management a formidable 32.99% of its whole provide, Litecoin’s distribution seems much less concentrated on the prime finish.

The Litecoin group is house to 458 millionaires, with 82 accounts every holding $10 million or extra in LTC. Curiously, round 2.3 distinctive addresses comprise simply $1 in LTC, reflecting a broad spectrum of holdings inside the digital forex’s person base.

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