On this article, we are going to have a look at what the crypto sector has in retailer for us with the most recent and most attention-grabbing information from the Litecoin, Eos.io and Kaspa tasks.
Subsequent, we transfer to the charts and have a look at the worth tendencies of the respective LTC, EOS and KAS cash.
For LTC and EOS, the scenario appears very unsure and it’s not sure that their historic performances will likely be repeated as soon as once more.
Nevertheless, on the KAS entrance, a bullish continuation of the macro development after the most recent pullback appears extra seemingly.
All particulars under.
The most recent crypto information about Litecoin, Eos.io and Kaspa tasks
This Tuesday, August 13, we are able to announce simply a number of the main crypto market information associated to Litecoin, Eos.io and Kaspa.
This can be a a really important milestone for all 3 taskscelebrating some cryptographic leads to the chain.
We're going okay, we'll see how Litecoin lately processed the 270,000th transaction in its personal blockchain historical past.
Since July 15, 2023, greater than a 12 months in the past, 100 million transactions have been added, underscoring the rise in the usage of this know-how.
Certainly, Litecoin has been energetic since 2014, however has by no means seen such excessive exercise on its community: “Litecoin is accelerating“.
Transfer to Eos.ioeven right here we discover excellent news that accompanies us.
Certainly, the historic open-source platform has simply formally doubled its “Complete worth locked” (TVL) from early 2024. This metric sums up all of the capital held in sensible contracts inside the community.
Due to the brand new multi-staking program with RAM and EOS, the chain noticed a robust improve in TVL in a really quick time. All of this might revive Eos.io, which has been slightly missing by way of improvement and on-chain presence lately.
“It's Summer season EOS”
https://twitter.com/EOSNetworkFDN/standing/1823060741752238296
Lastly, there’s excellent news on the horizon for Kaspa as effectively.
The undertaking, which implements the GHOSTDAG protocol as a part of the PoW consensus mechanism, is seeing a major improve in hashrate.
Think about that in only one month, the overall computing energy of the community has doubled, from 400 to 800 PH/s.
Nevertheless, a 12 months in the past, the metric solely indicated an 8 PH/s hashrate: this highlights the robust progress the undertaking has made within the current interval.
Let's discuss one of the vital concrete and big developments for the PoW community ever seen.
On the earth of finance, the phrases “bull” and “bear” are sometimes used to explain market tendencies. A “bull” market is characterised by rising costs, whereas a “bear” market is characterised by falling costs. Understanding these phrases is vital for buyers.
Historic worth tendencies for LTC and EOS: will there be one other bull marketplace for these cryptocurrencies?
After reporting the most recent information concerning the Litecoin, Eos.io and Kaspa tasks, let's transfer on to learning the worth and development of the crypto market.
For “historic” cash LTC and EOS, the graphical scenario is just not the perfect however nonetheless leaves a glimmer of positivity.
For LTC, we clearly discover how the coin is just not assembly buyers' expectations in comparison with previous efficiency.
Costs dropped to the $62 space, under the EMA 50 on the month-to-month timeframe: since Might 2022, the Litecoin crypto failed to interrupt the psychological barrier of $115.
It isn’t sure that this time there may also be a bull marketplace for this coin, which has seen spectacular will increase prior to now years of 2014, 2017 and 2021.
It’s also value noting that on the “cyclicality” degree, LTC doesn’t appear to respect the time that has handed between the final two bull markets. The truth is, 40 moon candles have handed between the height of 2017 and 2021. There have additionally been 40 month-to-month candles from the 2021 peak to in the present day, however no new excessive for LTC.
The bull market spell has damaged. Most likely sure.
With the cryptocurrency Eos.io, the scenario is much more sophisticated
From the height of the earlier bull market, the place it reached $14.8, EOS has fallen drastically by round 95%. Nevertheless, for the reason that peak of 2018, the decline exceeds -97%.
Disastrous worth motion, compromised by low forex utility, excessive circulating provide and group gross sales.
Costs in 2017 fell even decrease than the file worthwhen it was launched to main crypto exchanges.
After the collapse of 2022, the quotations remained virtually flat, with none particular makes an attempt to recuperate.
Presently, EOS is value about $0.50 per unit, down from a 12 months in the past.
It’s clear that even right here the bull market is changing into a mirage of the longer term.
Will KAS proceed its wild run with the bulls?
Whereas crypto Litecoin and Eos.Io present graphical tendencies behind expectations, on a speculative degree, Kaspa coin seems to be probably the greatest within the final 2 years.
Since its inception in June 2022, this coin has at all times had the bulls on its aspect, reaching a market capitalization of $3.7 billion in a brief time frame.
Within the final 12 months, its shares have risen by 262%, indicating a comparatively compact energy with the addition of a number of volatility.
Taking January 1, 2023 as a place to begin, we see unimaginable worth progress with +3800% year-to-date efficiency.
From the beginning of 2023 till the tip a couple of weeks in the past, progress reached a near-record +5,000%, sufficient to crown KAS as the most important gainer within the crypto market.
Nevertheless, with the most recent bitcoin retracement, Kaspa coin additionally went via some retracement and misplaced 20% in 3 weeks.
Specifically, the weekly candle of July 29, closed by a bearish engulfment, is spooking the KAS bulls, who’re struggling to take earnings.
Nevertheless, in comparison with Litecoin and Eos.io, the possibilities of a bull continuation are undoubtedly increased right here.
So long as KAS stays above $0.12, the final outlook stays bullish and intends to interrupt the present excessive at $0.20.
Nevertheless, don't count on progress like within the final 12 months and a half, when KAS turned one of many prime cash in the marketplace.
