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It's Big & big #alert About $SOL & $LTC !!!
Solana and Litecoin Sees A Surge In Active Addresses While New Memecoin Star Sees Rise In Presale
Two top altcoins, Solana (SOL) and Litecoin (LTC), are seeing a major uptick in their active addresses despite their stalling price actions. While this rise in network activity hints at a potential price increase.
Angry Pepe Fork (APORK) is one of the new meme tokens grabbing all the headlines in its presale. Thanks to its hot start in presale funding, market experts are tipping it to be the next 100x token.
Solana (SOL) Beats Ethereum in Number of Active Addresses
The faster network speed and lower transaction costs earned
Solana (SOL) the title of an Ethereum killer. On-chain data shows that Solana is now gradually growing into this role.
In May, TheBlock reported that Solana recorded over 41.65 million active addresses, compared to Ethereum’s 15.38 million.
In addition, the number of developers joining and being retained on the network has also increased. These positive developments along with the growing calls for Solana ETFs, have improved the outlook of the SOL coin.
While the Solana price has remained around the $160 range, market experts are forecasting highs of up to $500 this year, making it one of the best altcoins to invest in now.
Litecoin (LTC) Network Activity and Active Addresses Skyrockets
Litecoin (LTC) is one of the top altcoins that has also recorded an uptick in its network activity and number of active addresses.
IntoTheBlock recently reported that Litecoin’s network active addresses recently skyrocketed by 75% to peak at its highest level since January and surpassed Ethereum by over 100,000.
The number of transactions on the Litecoin network also increased substantially, hitting 426,000 transactions.
Despite its network growth, the price of Litecoin has failed to live up to the expectations of many investors. Over the last year, while Bitcoin has increased by 170%, LTC is up by only 4%.