According to Litecoin (LTC) founder Charlie Lee, who gave the news on Twitter, the hash rate of the LTC network has reached the ATH level. Dogecoin (DOGE) aids Litecoin in its ATH march.
Dogecoin helps Litecoin hash rate skyrocket, LTC price soars
According to data obtained by Bitinfocharts, the hash rate has reached an incredible 500 TH/s (513 TH/s at the time of writing) . Part of this is due to Dogecoin mining. As a result, transactions for both currencies are verified simultaneously and miners collect rewards on both Blockchains. This is called “merged mining”.
LTC founder Charlie Lee took a Twitter background photo of a person from the Dogecoin community He reacted to a suggestion to replace it with a photo containing Dogecoin and said he would consider doing so as soon as a suitable image was found. He also explained why DOGE outperformed LTC in terms of market capitalization, claiming that the “meme coin market is strong” and outperforming LTC.
At the time of writing, Litecoin (LTC) price is trading at $103.36 and It is currently ranked 22nd on CoinMarketCap. As a result of the announcement of the ATH hash rate, the price of the currency rose from $99 today to that level.
Litecoin Foundation says Mimblewimble upgrade is complete
As we reported on Kriptokoin.com, Litecoin Foundation tweeted on Monday that Mimblewimble (MWEB) upgrade has been completed. announced. The upgrade comes after years of development thanks to the efforts of miners and the wider Litecoin community. Litecoin (LTC) is a P2P cryptocurrency that aims to provide fast and low-cost payments to anyone in the world.
Dogecoin lost 40,000 users
Dogecoin (DOGE) has been losing value in terms of price over the past year and has lost many investors in the process. Therefore, investors are collectively withdrawing meme coins from the market. The most recent batch of this migration consisted of 40,000 DOGE holders who left the cryptocurrency. This came in a ten-day period following the news that Dogecoin had lost over 700,000 traders.