Regardless of this era of market stagnation, not all cryptos are performing in the identical method: let’s analyze specifically LTC (Litecoin), APT (Aptos), and XRP (Ripple).
Evaluation of Litecoin (LTC) value: comparability with Aptos (APT) and Ripple (XRP)
The worth of LTC, the cryptocurrency of Litecoin, has been just about stagnant for every week.
It began 2024 at $73, however by early January it had already dropped beneath $64.
On January twelfth, it had risen to $76, however solely to fall again to $64 a number of days later.
Since mid-September 2023, it has been buying and selling sideways inside a variety of $60 and $75, with transient excursions barely above or barely beneath.
The issue is that it had maybe risen a bit an excessive amount of earlier than, in view of the halving that occurred on August sixth of final yr, to the purpose of surpassing $110 in March.
It had dropped to $50 already in June 2022, after the Terra/Luna implosion and the failure of Celsius, and since then, though it has not considerably fallen beneath that threshold, it has solely been transferring sideways in a variety between $50 and $80, excluding the pre-halving months.
So after the halving in August 2023, it merely returned to buying and selling sideways inside a good narrower vary, with out even benefiting from the small end-of-year bull run within the crypto markets.
Observe that even within the months simply earlier than the beginning of the final main bull run, on the finish of 2020, it was oscillating between $50 and $60, so since then it has made little or no progress.
In the mean time, it’s nonetheless 83% decrease than the highs reached in Could 2021, so its market scenario doesn’t appear notably good.
The efficiency of Aptos (APT)
APT is the cryptocurrency of Aptos, and it has a market capitalization of about 3 billion {dollars}.
It is a third-tier cryptocurrency, which has misplaced 3.5% within the final week.
Nonetheless, its present value is in step with that of a month in the past, though in comparison with the $9.4 firstly of the yr, it has decreased by 8%.
It landed on the crypto markets solely in October 2022, simply earlier than the failure of FTX.
The present value of $8.6 shouldn’t be a lot larger than the preliminary $7.2, additionally as a result of by the tip of 2022 it had plummeted to $3.4 with a halving of worth within the first two months of existence on the markets.
In 2023, nevertheless, it had considerably recovered, ending January at $18 with an actual speculative mini-bubble.
Already in February of final yr this bubble had began to deflate, with a decline that lasted virtually all year long till it dropped beneath $5 in October.
Nonetheless, APT has benefited from the restoration of the markets on the finish of 2023, rising from $5 to $10 by the tip of the yr.
Nonetheless, 2024 didn’t go as properly, with a lower from $10 to lower than $9.
Due to this fact, it’s a pretty risky cryptocurrency that has not but skilled an actual huge increase.
One curious factor is that it follows the pattern of the crypto markets, however in a barely completely different method in comparison with the primary cryptocurrencies.
As well as, regardless of being lower than a yr and a half previous, it has a better market capitalization than considerably extra established cryptocurrencies comparable to OKB from the OKX trade or LDO from Lido DAO. Lately, it has even surpassed XMR (Monero).
The current pattern of Ripple (XRP)
XRP is the cryptocurrency created by Ripple a number of years in the past.
Till at this time, regardless of every part, it’s nonetheless within the prime 10 of probably the most capitalized cryptocurrencies, and excluding stablecoins, it could be in fifth place total.
Final yr he suffered lots for the continuing case towards the SEC, however as soon as that case was received, he appeared to have the ability to get well.
Actually, in July it had exceeded $0.8, however later it had dropped beneath $0.5.
The present value is precisely $0.5, which is a degree round which it has been kind of sideways because the finish of 2022, after the failure of FTX. The one in July 2023, actually, turned out to be only a flash within the pan, regardless of the clear and definitive victory towards SEDC.
It’s potential that behind the obvious mistrust of the markets in direction of XRP there may be, on one hand, the truth that its worth tends to stay pretty steady over time, and however, the potential new issues that Ripple, the corporate that created it, might have.
Simply to say that $0.5 was the value it had reached on the finish of 2020, earlier than the SEC lawsuit and earlier than the beginning of the newest main bull run.
Moreover, through the bear market of 2022, it by no means fell beneath $0.3, so even in considered one of its darkest durations, its market worth didn’t lower by a lot.
Certain, the occasions of the historic file of $3.8 in January 2018 are far-off, but when we exclude speculative bubbles, its value stays pretty fixed over time. To place it higher, it’s risky, however with out big excesses, past the bubbles.
For instance, the $0.3 reached in mid-2022 is in step with the value in mid-2017.
