Litecoin (LTC) Halving Event Fails to Boost Price, Trading Volume Drops by 25.99%

The recent Litecoin halving event generated a lot of hype and anticipation for a price surge, but the current outlook shows a slump in price with a 9% loss in the past seven days. The trading volume has also dropped by 25.99%. However, the halving event is expected to positively impact the long-term economics of Litecoin by reducing token production and potentially driving up valuation.

Litecoin

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

How to scale the insurance industry with blockchain: X Spaces with Nayms

Lack of transparency, access and efficiency are longstanding issues in the insurance industry. This blockchain-based insurance project proposes a more open and flexible system.
CointimeSG ·

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.
CointimeSG ·

MicroStrategy completes its $3 billion debt offering to buy more bitcoin

The “bitcoin treasury company” has completed a $3 billion convertible senior notes offering to buy more bitcoins, according to an announcement on Thursday.
CointimeSG ·

This Wall Street Bitcoin Miner Buys 11,500 New Rigs, While BTC Approaches $100,000

HIVE Digital orders 5,000 new Bitcoin miners from Canaan, marking its second major purchase this month.
CointimeSG ·

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
CointimeSG ·

US Bitcoin ETF assets break $100 billion

Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
CointimeSG ·

Solana Thesis Part II: The Data-Driven Case for SOL

In Q4’23 Syncracy released a public thesis on Solana. In it we argued that SOL was severely mispriced at 13% of Ethereum’s valuation given its industry-leading scalability, unique integrated design, and growing developer traction. At the time, the case for Solana was mostly qualitative as the data confirming that thesis was still emerging. The argument essentially boiled down to Solana offering a rare opportunity to own a foundational project, at a distressed valuation, that unlocked new possibilities at a scale comparable to Bitcoin and Ethereum. In other words, while the Solana story was undeniably exciting, it was driven more by potential, than momentum.
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).
Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.
The country's first digital RMB-based intellectual property securitization product was successfully issued

"Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.