As Litecoin's halving event draws near, its value is recording a thrilling surge, bringing profits and excitement to holders while...
appreciated, another notable metric that saw a significant hike was its trading volume. According to data provided by Santiment, Litecoin noted a remarkable spike in trading volume, hitting a record high, mirroring the surge in price.Source: Santiment
However, the situation appeared different when the number of active addresses was examined. Looking at the 30-day active addresses metric on Santiment, there has been a noticeable decline. In fact, the number of active addresses stood at around 8 million. In contrast, it touched almost 14 million in June before the decline began.value could be attributed, at least in part, to the highly anticipated halving event. The halving event occurs approximately every four years or after every 840,000 blocks mined. During this event, the block reward is reduced by half. This process continues until the block reward per block reaches zero, estimated at around 2142.
Currently, the block reward for Litecoin is 12.5 coins per block but would decrease to 6.25 coins per block after the halving takes place. The
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