• There’s a historic hyperlink between the 2, as Dogecoin was developed utilizing Litecoin’s Scrypt-based code and depends on Litecoin’s merge mining safety.
• Final November, Litecoin whimperedly declared itself “Memecoin”, creating waves with Dogecoin responding with meme-based encouragement and creativity.
• In accordance with Coingate knowledge a number of days in the past, Litecoin is presently the second most used cryptocurrency to pay, simply behind Bitcoin.

Litecoin’s official X account shocked the Dogecoin group with a Q*Bert-inspired meme and a message of assist stating, “I am right here for you, Dogecoin.”

Dogecoin customers and supporters noticed it as an sudden present of solidarity between the 2 cryptocurrencies.

Curiously, there’s a historic hyperlink between the 2, as Dogecoin was developed utilizing Litecoin’s Scrypt-based code and depends on Litecoin’s merge mining safety.

Then, final November, Litecoin whimperedly declared itself “Memecoin”, with Dogecoin responding with meme-based encouragement and creativity. This change and “announcement” prompted a brief 15% LTC value leap.

Dogecoin helped suggest Litecoin’s Chibi Mascot, however Meme was misused in a brand new Solana Token referred to as Lester, urging it to be clear that Litecoin isn’t affiliation.

However do not name Litecoin only a meme

In posts like this, it seems that Litecoin is leaning towards meme tradition to regain the highlight in a crowded market.

Nonetheless, cryptocurrency seems to be on monitor as Litecoin processed 300 million transactions in January 2025, highlighting its ongoing use as a quick, dependable cost community.

In accordance with Coingate knowledge a number of days in the past, it’s now the second most used cryptocurrency to pay, simply behind Bitcoin. This reveals the attraction to on a regular basis buying and selling due to its pace and low charges.

How about Dogecoin?

The preferred meme cash are nonetheless held regardless of the ever-present mixing basis. Dogecoin has now seen a rise of round 8.5% over the previous seven days, with its present market capitalization of $33.78 billion.

Lately, Whale bought greater than 230 million Doges over a 24-hour interval, as reported by Crypto analyst Ali Martinez. Moreover, a number of days in the past, the whales bought over a billion canine in a day.

The whole story: That 230 million Doge purchases have been an enormous sign. Right here, the entire story concerning the huge whale accumulation has been damaged.

It seems that curiosity in Dogecoin’s utility past meme standing is rising as its development in whale exercise and its potential as a mainstream cost answer. That is additionally supported by the ever-growing inflation charge, making it a viable candidate to make use of as forex regardless of limitless provide.

After all, that is all hypothesis, however Dogecoin reveals the enduring energy of memetic tradition to take care of market relevance even amongst primary skepticism.

Total: That is what one prime analyst forecasts for the Altcoin market.