Litecoin’s Official X Account Posts “I’m Here For You, Dogecoin,” Leaves Community Stunned
Main Idea
Litecoin's official X account posted a supportive message for Dogecoin, sparking a meme exchange and highlighting Litecoin's growing use in payments and recent market activity involving Dogecoin.
Key Points
1. Litecoin's official X account posted a meme and message saying 'I’m here for you, dogecoin,' showing support for Dogecoin.
2. Litecoin previously declared itself a 'memecoin' in November, leading to a playful exchange with Dogecoin and a temporary 15% price boost for Dogecoin.
3. Litecoin is now the second most used cryptocurrency for payments, according to CoinGate data, due to its reliability and low fees.
4. Dogecoin saw an 8.5% price increase in the last 7 days, with a market cap of $33.78 billion, and significant whale activity, including purchases of 230 million and over 1 billion DOGE in 24-hour spans.
Description
There are historical ties between the two, as Dogecoin was developed using Litecoin’s Scrypt-based code and relies on Litecoin’s merge-mining security Last year in November, Litecoin made waves by whimsically declaring itself a ‘memecoin’, to which Dogecoin responded with meme-based encouragement and creativity According to CoinGate data from several days ago, Litecoin is now the second most used cryptocurrency for payments, just behind Bitcoin Litecoin’s official X account surprised the Dogecoi...
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