A digital token launched 12 years in the past as a extra transaction-friendly model of Bitcoin is drawing the eye of speculators after a meme-token frenzy drove up prices on the most important blockchain.
Litecoin has rallied virtually 20% since Might 8, when charges on Bitcoin reached a excessive of $30 per transaction, in contrast with a decline in an index of cryptocurrencies. The surge in Bitcoin charges has additionally pushed transactions on the Litecoin blockchain to a file as customers sought a less expensive different — with out spawning an analogous bounce in prices.