Ah, Litecoin! The “lite” version of Bitcoin, or so they say. With a 13% surge in the past 24 hours, it’s the talk of the town. But, my dear reader, have you ever pondered upon a question of utmost importance? How many Litecoins are there in the wild, wild world of cryptocurrency?
Table of Contents:
Charlie Lee, a computer scientist and software developer at Google, unveiled Litecoin (LTC) to the world in October 2011. While it shares the same proof of work (PoW) system as Bitcoin, it has its unique features like supply cap, hashing algorithms, block transaction speeds, and storage efficiency.
Now, let’s dive into the world of LTC supply, circulation, and the impact of LTC ownership distribution.
A Glimpse into LTC Ownership
Before investing in any cryptocurrency, it’s crucial to know if its supply isn’t too centralized. A centralized supply increases the risk of a rug pull and undermines the decentralization, a core principle of any true cryptocurrency.
As per the current data from BitInfoCharts, LTC’s distribution shows a majority chunk of small holders, accounting for 49.58%. However, these small wallets only hold a negligible amount of LTC in total. On the other hand, the major wallet holders, those with 1-10, 100-1000, 10,000-100000, and 100000-10000000 LTC coins, hold more than 99.52% of the total LTC token supply.
Who’s Got the LTC?
Due to the anonymous nature of cryptocurrency transactions, it’s impossible to calculate the number of LTC holders accurately. However, we can track the multiple wallet addresses that hold this token.
According to Coincarp, there are approximately 7,145,978 active LTC account holders. However, the actual number may differ as many users may hold multiple wallets, and some wallets will belong to crypto exchanges.
Top LTC Holders
As per Coincarp, 38.60% of the LTC token supply is held by the top 100 wallets. The top 50 holders own 28.75%, the top 20 hold 18.64%, and the top 10 hold 14.89% of the total supply. Quite the concentration of wealth, wouldn’t you say?
The Big Question: LTC Ownership Distribution
With the majority of LTC held by wallets accounting for only 3% of the total user base, it’s not the best look for the project. If these few wallet holders were to sell their tokens abruptly, it could create a chain reaction and potential FUD. However, this doesn’t necessarily imply that LTC’s long-term potential is at risk. But, this concentrated ownership may create challenges for broader adoption and trust for new investors.
FAQs
How many Litecoin coins are left?
The total supply of LTC is 84 million, and the circulating supply stands at 75.52 million. Only 8.48 million LTC are left to be introduced to the crypto market.
How many Litecoin coins are lost?
It’s
Read More
- ‘Violent Night 2’ Writers Discuss Who Could Star as Mrs. Claus
- Jahan Loh and Stash Team Up for ‘Namecaps: Spaceman’ Exhibition at Central Chidlom
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- RSR PREDICTION. RSR cryptocurrency
- Lil Yachty Leads Milli Point Two’s FW25 Campaign
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- ‘Fast & Furious’ Feud Continues After Vin Diesel’s “Petty” Gesture at Golden Globes
- Sky Force actor Veer Pahariya gifts his locket to paparazzo; debutant’s sweet gesture goes viral: WATCH
- AMBUSH Delves Into Its Archives for New Book With Rizzoli
- ‘Utter Madness.’ The Latest Update On House Of The Dragon Season 3 Has Me Both Pumped And Bummed
2025-02-11 22:52