• The recent surge in on-chain activities for Litecoin (LTC) and Dogecoin (DOGE) contrasts with the lack of growth in major cryptocurrencies like Bitcoin.
• IntoTheBlock’s measurements show that LTC has 231,270 daily active addresses, whereas DOGE has 46,080 active addresses.
• Binance recently removed perpetual futures contracts tied to BUSD for LTC and DOGE.

Increased Activity in Litecoin and Dogecoin

Recently released data from IntoTheBlock shows that two alternative cryptocurrencies, Litecoin (LTC) and Dogecoin (DOGE), have witnessed significant rises in their on-chain interactions. This uptick in activity contrasts with the lack of growth seen in major cryptocurrencies like Bitcoin, despite complex markets. According to IntoTheBlock’s measurements, Litecoin has garnered an impressive 231,270 active addresses daily while Dogecoin boasts 46,080 such active addresses each day.

Price Analysis

Based on information from CoinGecko, Dogecoin is trading at a value of $0.06331 today – a 1.3% increase over the past week – while Litecoin is currently trading at $65.70 after experiencing a 1.5% weekly growth; however its monthly performance reveals a notable decline of 22%.

Binance Removes Perpetual Futures Contracts

Binance recently removed perpetual futures contracts tied to BUSD for both LTC and DOGE due to market volatility. Despite this decision by the leading crypto exchange platform, these two coins maintain their allure to retail investors; signifying their enduring popularity even amidst current market conditions.

Potential Price Explosion?

Analysts speculate that the recent surge in on-chain activities for LTC and DOGE could be attributed to traders seeking short-term profits within alternative cryptocurrencies as Bitcoin and Ethereum trade sideways; going against prevailing sentiment indicators that suggest diminishing interest in altcoins overall. With this being said, it remains uncertain whether or not these coins will experience a price explosion anytime soon as markets remain volatile.

Conclusion

Despite its uncertain future outlook within complex markets, Litecoin and Dogecoin continue to attract retail investors due to their enduring popularity amongst cryptocurrency users worldwide; indicating potential short-term gains among traders who are looking beyond Bitcoin or Ethereum for possible profits