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💥Litecoin: Is it one of the least volatile cryptocurrencies in the market? 💸💸💸
When talking about cryptocurrencies, it is common to associate them with high volatility and abrupt price movements. However, not all digital assets exhibit the same behavior. A recent analysis presented by Lantern reveals that Litecoin (LTC) is, after Bitcoin (BTC) and Ethereum (ETH), the third least volatile cryptocurrency among the major market assets.
According to the shared data, the annualized volatility of LTC over the last five years is at 87%. In comparison, Bitcoin shows 63% and Ethereum 75%. The study also analyzes other popular crypto assets, such as XRP (99%), Solana (112%), and Dogecoin (135%), which demonstrate significantly higher levels of volatility.
This data surprises many, as Litecoin often remains off the media radar compared to other more 'fashionable' altcoins. Nevertheless, its track record, technical strength, and ongoing adoption have contributed to consolidating its relative stability.
▶️Trading volume and decentralization🔸✨✨✨✨✨
Another highlighted aspect in the report is the trading volume of Litecoin. In the last five years, LTC has averaged a daily volume of 2 billion dollars, a figure that demonstrates its constant liquidity and sustained interest from investors.
Additionally, the level of decentralization of Litecoin is notable. According to the analysis, the top 50 wallets control only 28% of the total supply, which prevents excessive concentration in the hands of a few players and contributes to a more balanced network.
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