Litecoin (LTC) holders' floating profit ratio rises to nearly 80%, BIT Mining announces up the ante mining

According to IntoTheBlock data, the floating profit ratio of Litecoin (LTC) holders has increased from about 60% in mid-November to nearly 80% on December 2nd. Currently, the fund inflow/outflow indicator shows that more than 6.37 million LTC addresses (about 79.37%) are in a floating profit state, indicating that market sentiment continues to improve.

 

Meanwhile, BIT Mining Limited, a cryptocurrency mining company listed on the New York Stock Exchange, announced that it will continue to focus on independently mining Litecoin (LTC) and Dogecoin (DOGE) to seek diversified business development after the Bitcoin halving. In addition, BIT Mining will continue to carry out Bitcoin mining and data center hosting businesses to further strengthen its mining ecosystem layout.

 

Litecoin is a P2P cryptocurrency used for online payments. It is a completely decentralized global payment network without any central authority. The consensus algorithm ensures the security of the network and enables individuals to control their finances. Compared with other cryptocurrencies, Litecoin has faster transaction confirmation times and higher storage efficiency.