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Cryptocurrency News Articles

Litecoin (LTC) Surged into the Spotlight with Its Latest Price Jump, Fueled by a Sharp Rise in Trading Volume and Miner Activity

Dec 21, 2024 at 02:30 pm

Meanwhile, NEAR Protocol and innovative new crypto Rollblock challenge its momentum. Both projects have unique strengths that are fascinating investors globally.

Litecoin (LTC) Surged into the Spotlight with Its Latest Price Jump, Fueled by a Sharp Rise in Trading Volume and Miner Activity

Litecoin (LTC) price action sprang into the spotlight this week with a latest price surge, fueled by a sharp rise in trading volume and miner activity. But while Litecoin price performance grabbed headlines, two other projects—NEAR Protocol and the innovative new crypto Rollblock—stole the show with their respective surges. Both projects boast unique strengths that are captivating investors globally.

As Litecoin price dropped 35% in just seven days, hitting a low of $90, a glimmer of hope emerged. According to data from IntoTheBlock, miners swooped in to scoop up a total of $18 million worth of LTC, amassing 140,000 coins in the process. This miner buying spree drove demand and supported upward momentum.

Meanwhile, the anticipation of a Litecoin ETF only added to the excitement. Eric Balchunas of Bloomberg recently highlighted Litecoin as a strong contender for ETF approval due to its regulatory clarity as a Bitcoin fork. Such an ETF could introduce significant institutional investment and propel the Litecoin price toward the $150 price level.

Technical indicators suggest that breaking resistance at $135 could trigger another rally, setting the stage for the Litecoin price to test new highs.

2. NEAR Protocol (NEAR) Price Eyes $11 After 95% Surge

NEAR Protocol price also had a remarkable week, recovering from $3.50 all the way up to $6.83 in just three weeks—a staggering 95% gain. This V-shaped rally was supported by strong buying pressure, resulting in a golden crossover between the 100-day and 200-day EMAs.

Despite minor pullbacks, NEAR price continues to demonstrate resilience, with current resistance at $7.26 marking the next critical level to watch. Looking ahead, analysts are targeting $9.59 and $11 as potential price milestones for NEAR.

The protocol's innovative approach to decentralized applications and its robust technical indicators make it a strong candidate for further growth, even in a market that is showing signs of slowing down.

3. New Crypto Rollblock Surges 350% in 7 Days, Outpacing Litecoin, NEAR

Both Litecoin and NEAR price action were impressive this week, but they paled in comparison to the new crypto Rollblock (RBLK) which surged an incredible 350% in just seven days.

This project is changing the game in a big way, having already raised $7.4 million during its ongoing presale. It leverages blockchain technology to revolutionize the online gaming industry and presents a unique value proposition that stands out in the crowded DeFi space.

The platform offers seamless integration across over 7,000 games, live casino experiences and even sports betting, all secured by Ethereum-backed smart contracts that enhance transparency and security. Its innovative deflationary tokenomics system, which includes regular token buybacks, burns and staking rewards, reduces supply and incentivizes holding in the long term.

Targeting the $500 billion global gaming industry, Rollblock provides tangible real-world applications that set it apart from competitors. Analysts are highlighting its potential to deliver substantial returns on investment (ROI), with some suggesting it could even outpace established projects like Litecoin and NEAR.

News source:timestabloid.com

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Other articles published on Dec 21, 2024