In this article we are going to delve into the latest news and trends of three major crypto assets: Monero, Flow, and Litecoin.
In a general overview, at the moment the only crypto on the rise is Litecoin, while both Monero seems stable and Flow has had negative performance, as of the last 30 days.
Detailed overview of the prices of the crypto assets Monero, Flow, and Litecoin
Monero is the cryptocurrency that shows growth, albeit not so high. We could call it a slightly rising stable position.
In the last 7 days, the XMR token has performed an increase of 4%, while in the last 24 hours only 1%.
The market capitalization remains at $2.8 billion with a trading volume in the last 24 hours of $130.4 million. The outstanding supply of the Monero token is XMR 18.3 million.
Despite the fact that the overall market has seemed to be on the rise over the past 3 months, Monero’s all-time high at $517.62 is a long way off; the cryptocurrency currently has a value of $154.32.
Moving on to the worst performance, Flow is the one with the sharpest decline.
In fact, the FLOW token in the last 24 hours alone is down 4.2%, while in the last seven days it has recovered slightly by giving up only 0.5%, compared to a very bad month that saw the coin drop 25%.
Among the three cryptocurrencies, Flow has the lowest market capitalization of about $1 billion and a trading volume (in the last 24 hours) of $53.8 million.
The outstanding supply is 1 billion of FLOW. The price of Flow is $1.01 USD.
All these data make it the 37th most popular cryptocurrency.
After a trail of stable and negative results, we turn to the third cryptocurrency Litecoin.
The LTC token seems to have had a very good week with a 12% increase, and a gain of about 8% in the last 24 hours.
Among the three cryptocurrencies it is the most popular, not surprisingly it is in position 10 of the popularity ranking.
Litecoin has a market capitalization of $6.4 billion, with a trading volume (in the last 24 hours) of $1.1 billion. The outstanding supply is 72.5 million LTC with an average holding time of 102 days.
Today’s Litecoin price is $88.21, far from its all-time high of $412.96.
Litecoin news: crypto’s performance surpasses Monero and Flow
Late last month, the cryptocurrency community witnessed an interesting development when the Ordinals protocol was forked into Litecoin (LTC) by Australian software developer Anthony Guerrera. This move made it possible to support NFT-like assets on Litecoin, just like on Bitcoin.
The Ordinals protocol is a layer-2 solution developed to add support for NFTs on Bitcoin’s blockchain.
The protocol essentially allows users to create NFTs by assigning them unique numbers known as ordinals. In this way, NFTs can be easily tracked and verified on the blockchain.
Guerrera’s decision to include the Ordinals protocol in Litecoin has opened up new possibilities for the cryptocurrency network.
With this new functionality, users can now create and exchange NFTs on the Litecoin network, opening up a new revenue stream for content creators and other stakeholders in the ecosystem.
In a media interview, Guerrera revealed that he was motivated to create the Litecoin Ordinal fork by a bounty set by a fictitious Twitter user named Indigo Nakamoto. The bounty started at 5 LTC and was later increased to 22 LTC, a modest reward for the technical skill required to create the fork.
The move has been welcomed by the Litecoin community, with many members expressing enthusiasm for the possibilities this new feature brings to the network. Even Charlie Lee, the creator of Litecoin, has commented on the development, stating that he is happy to see the Ordinals protocol used in other blockchain networks.
It is worth noting that the Ordinals protocol is still a relatively new development in the cryptocurrency world.
However, its potential for NFTs and other use cases has already been recognized by many industry players. With this latest development on Litecoin, we can expect to see further experimentation with the protocol and its applications.
News about Monero (XMR)
Monero founder Riccardo Spagni recently denied allegations that he was an Interpol informant. However, rumors and speculation have continued to circulate within the cryptocurrency community, causing some concern about the impact on Monero‘s reputation and future.
Allegations against Spagni were first made by a Twitter user named “WhalePanda” who claimed to have inside information that Spagni was cooperating with Interpol. The allegations were quickly denied by Spagni, who called them “wildly inaccurate” and “baseless.”
Despite Spagni’s denial, rumors and speculation continued, and some members of the cryptocurrency community expressed concern about the impact on Monero’s privacy-focused reputation.
Monero is a popular cryptocurrency among those who value privacy and anonymity, and any allegations of collaboration with law enforcement could undermine this reputation.
However, not everyone takes the accusations seriously. Nassim Nicholas Taleb, author of the bestseller “The Black Swan,” wrote on Twitter to express his amusement at the situation. “If [Spagni] was an informant,” Taleb tweeted, “would still have denied it.”
The impact of the allegations on Monero’s reputation and adoption remains unclear. However, it is important to note that Monero is a decentralized project with a large community of developers and contributors.
The technology and vision behind Monero are not tied to any individual, and the community will continue to build privacy-preserving technology no matter what.
Privacy is an increasingly important issue in the cryptocurrency space, with many users seeking to protect their financial and personal information from prying eyes.
Monero’s focus on privacy has made it a popular choice for those who value anonymity, and the project has been praised for its technical innovations.
As the cryptocurrency space continues to evolve and mature, privacy and anonymity are likely to become even more important.
Projects like Monero, which prioritize privacy and decentralization, will continue to play an important role in shaping the future of finance and technology.
In conclusion, the recent allegations against Monero founder Riccardo Spagni have caused some concern in the cryptocurrency community, but the impact on Monero’s reputation and adoption is unclear.
The project’s focus on privacy and decentralization is more important than any individual, and the community will continue to build privacy-protecting technology no matter what.