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Litecoin: The Silver to Bitcoin’s ‘Digital Gold’ Is Soaring
Litecoin, a Bitcoin fork, has recently gained significant attention and is currently one of the best-performing cryptocurrencies. With renewed investor interest and a listing on the Wall Street-backed EDX Markets, Litecoin has surged back into the top 10 digital assets by market capitalization. In this article, we will explore the reasons behind Litecoin’s success and its potential as an investment option.
Litecoin’s Recent Surge
Litecoin has experienced a remarkable surge in value, outperforming many other digital assets. In the past 24 hours, it has seen a substantial 23.6% increase, trading at $104.63. Over the past seven days, Litecoin’s value has grown by 15%, reclaiming its position among the top 10 digital assets with a market cap of $7.7 billion.
EDX Markets Listing
One significant factor contributing to Litecoin’s recent success is its listing on the EDX Markets, a prominent exchange backed by Citadel Securities and Fidelity. Alongside Bitcoin, Bitcoin Cash, and Ethereum, Litecoin was chosen as one of the four cryptocurrencies to be traded on this platform. The selection of Litecoin demonstrates regulators’ confidence in its compliance with securities regulations, as it is unlikely to be targeted as an unregistered security.
