Litecoin Payments Continue To Rise! Now 22% Of All Payments On Bitpay
The July 2022 numbers are out for BitPay. Once again, Litecoin ranks as the second most popular choice for payments next to Bitcoin. Litecoin continues to climb as now 22% of users choose to pay with Litecoin this is a continued increase since it was added last year.
Litecoin transactions make up nearly 46% of all of the Bitcoin transactions on Bitpay. This is impressive as Litecoin continues to grow as one of the best payment methods. Litecoin currently trades at 1.2% market cap of Bitcoin.
If it traded at 46% of Bitcoin's Market Cap it would have to increase by 42x. Litecoin currently trades at $54.97 at the time of this article and it would equate to a price of $2,349 if it were to increase by 42x. Perhaps the data from Bitpay is showing that Litecoin is massively undervalued.
Source: Bitpay https://bitpay.com/stats/
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