This article will focus on three major cryptocurrencies in the current landscape: Ripple (XRP), Litecoin (LTC), and Cardano (ADA).
In-depth analysis of the most important statistics such as current price, latest market trends, market capitalization, trading volume, and circulating supply. Additionally, we examine the popularity of each cryptocurrency and its historical movements.
We also provide the latest news that may impact the value of cryptocurrencies in the coming months, providing a comprehensive overview for those interested in the world of cryptocurrencies.
Prices and market statistics of virtual currencies Ripple (XRP), Litecoin (LTC), Cardano (ADA)
Ripple (XRP) is currently trading at USD 0.53 and has a market capitalization of USD 30 billion. Trading volume in the past 24 hours reached USD 653.3 million, with circulating supply at 56.3 billion XRP.
Investors have held XRP for an average of 85 days, making the cryptocurrency the seventh most popular on the market. Despite the current price, XRP has reached an all-time high of $3.84.
Litecoin (LTC) has a current value of $60.59 and a market cap of $4.5 billion. Trading volume over the past 24 hours was $280.8 million, with 75 million LTC in circulation.
Investors tend to hold Litecoin for an average of 45 days, making this cryptocurrency 19th in popularity. These data show that with good market activity and high user interest, Litecoin remains a good choice among cryptocurrencies.
Cardano (ADA) current price is USD 0.34 and market cap is USD 12.2 billion. In the past 24 hours, trading volume reached $225 million and circulating supply reached 36 billion ADA. Investors tend to hold ADA for an average of 295 days, ranking the cryptocurrency 11th in popularity.
Cardano’s all-time high was USD 3.10. These data highlight the importance of ADA in the cryptocurrency industry with strong support from the community and significant long-term holdings.
Next, let’s take a look at news related to cryptocurrencies Ripple, Litecoin, and Cardano.
Ripple vs. SEC: Legal outcome is based on solid foundations
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has grabbed the attention of the cryptocurrency world. At the center of the controversy is the question of whether XRP should be considered an unregistered security, as the SEC claims.
However, Ripple scored a major victory in mid-2023 when a court ruled that selling XRP on public platforms did not violate securities laws.
The SEC is attempting to appeal this decision, but time for an appeal is limited and many legal experts believe Ripple has a strong legal footing. Experts emphasized that the ruling could have far-reaching implications for the future of cryptocurrency regulation.
As the appeal deadline approaches, all eyes are on what the SEC will do. Meanwhile, the crypto community anxiously awaits the final outcome, which could set an important precedent for the legal treatment of cryptocurrencies in the United States.
Solana beats Cardano metrically
According to data provided by cryptocurrency analytics platform Artemis, Solana has significantly outperformed Cardano in terms of user adoption. The numbers are clear. Solana has 126x more daily active users compared to Cardano, indicating much faster and broader adoption.
This result is especially surprising given that both blockchains were initially presented as potential “Ethereum killers”, direct competitors in the race to dominate the smart contract market.
Even as Cardano continues to develop and improve its technology, Solana appears to have been able to attract a broader user base and gain significant advantages thanks to its high scalability and low transaction fees.
The difference in adoption highlights the evolving landscape of cryptocurrencies, where speed, efficiency, and ease of use are becoming increasingly important to blockchain’s long-term success.
Whales increased Litecoin activity during market crash
Despite the recent cryptocurrency market crash, whale activity on Litecoin has recorded a notable increase. The large-scale movement of funds by whales, or investors holding large amounts of Litecoin, highlights the strong interest in cryptocurrencies during a bearish phase.
Although overall activity is down in the Litecoin futures market, the high volume of on-chain transactions indicates that whales are accumulating or transferring large amounts of LTC. Technical analysts have pointed out several important levels to note that could influence the next price move, including support at $55 and resistance at $65.
In uncertain market conditions, whale activity is an indicator of a possible recovery for Litecoin. The key points to monitor are the evolution of trading volumes and the market’s reaction once selling pressure stabilizes.
