Analysts of Santiment, one of the most popular analysis companies in the cryptocurrency world, reported in their statement that there were remarkable increases in the address activity of some altcoins.
According to analysts, there is a rapid increase in the cryptocurrency address activities of Litecoin (LTC), Maker (MKR) and Lido Finance (LDO) altcoins. According to analysts, such increases and increased usage area generally come with a growth in market value.
According to analysts, although MKR and LDO altcoins have already experienced such market cap growth, such a rise has not yet occurred for LTC.
However, Litecoin (LTC) official X account shared a post saying “Litecoin ETF” in an environment where Bitcoin Spot ETFs are on the agenda. Grayscale had previously hinted at applying for a spot ETF for a group of altcoins, including Litecoin, but it has been a while since then.
The SEC, on the other hand, considers all cryptocurrencies except Bitcoin to be securities. For Ethereum, there are contradictory statements made by the SEC chairman before. Following Bitcoin Spot ETF approvals, all eyes will now be on Ethereum spot ETF approvals.
*This is not investment advice.
