In this article we will focus on three major cryptos in the current landscape: Ripple (XRP), Litecoin (LTC) and Cardano (ADA).
We will analyze in detail their current prices, the most recent market movements, and some of the most significant statistics, such as market capitalization, trading volume, and circulating supply. Additionally, we will examine the popularity of each cryptocurrency and their historical behavior.
We will also provide some updated news that could influence their value in the coming months, offering a comprehensive overview for those interested in the world of cryptocurrencies.
Prices and market statistics of the crypto Ripple (XRP), Litecoin (LTC) and Cardano (ADA)
Ripple (XRP) is currently trading at 0.53 USD, with a market capitalization of 30 billion USD. The trading volume in the last 24 hours amounts to 653.3 million USD, while the circulating supply is 56.3 billion XRP.
Investors hold XRP for an average of 85 days, and the cryptocurrency is the seventh most popular on the market. Despite the current price, XRP has reached an all-time high of 3.84 USD in the past.
Litecoin (LTC) currently has a value of 60.59 USD, with a market capitalization of 4.5 billion USD. The trading volume in the last 24 hours is 280.8 million USD, and there are 75 million LTC in circulation.
Investors tend to hold Litecoin for an average of 45 days, placing the cryptocurrency at the 19th position for popularity. These data indicate that Litecoin remains a relevant choice among crypto, with good market activity and interest from users.
Cardano (ADA) currently has a price of 0.34 USD, with a market capitalization of 12.2 billion USD. In the last 24 hours, the trading volume has reached 225.0 million USD, with a circulating supply of 36.0 billion ADA. Investors tend to hold ADA for an average period of 295 days, positioning the cryptocurrency at the 11th place for popularity.
The all-time high of Cardano was 3.10 USD. These data highlight the importance of ADA in the cryptocurrency landscape, with strong support from its community and significant long-term holding.
Let’s now look at the news related to the crypto Ripple, Litecoin, and Cardano.
Ripple vs SEC: the legal outcome rests on solid ground
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has captured the attention of the cryptocurrency world. At the center of the dispute is the question of whether XRP should be considered an unregistered security, as claimed by the SEC.
However, Ripple achieved a significant victory in mid-2023, when the court ruled that the sales of XRP on public platforms do not constitute a violation of securities laws.
Despite the SEC’s attempt to appeal against this decision, its time to file the appeal is limited, and many legal experts believe that Ripple is on solid legal ground. Experts have emphasized that the ruling could have far-reaching implications for the regulatory future of cryptocurrencies.
With the deadline for the appeal looming, attention is focused on how the SEC will move. Meanwhile, the crypto community awaits with trepidation the final outcome, which could set an important precedent for the legal treatment of cryptocurrencies in the United States.
Solana crushes Cardano in metric terms
According to the data provided by the cryptocurrency analysis platform Artemis, Solana has significantly outpaced Cardano in terms of user adoption. The numbers are clear: Solana has 126 times more daily active users compared to Cardano, demonstrating a much faster and widespread adoption.
This result is particularly surprising, given that both blockchains were initially presented as potential “Ethereum killers,” direct competitors in the race to dominate the smart contract market.
Despite Cardano continuing to develop and improve its technology, Solana seems to have managed to gain a significant advantage, thanks to its high scalability and low transaction fees, which have attracted a broader user base.
The difference in adoption highlights the evolution of the cryptocurrency landscape, where speed, efficiency, and ease of use are becoming increasingly fundamental for the long-term success of a blockchain.
The whale increase Litecoin activity during the market crash
Despite the recent crash of the cryptocurrency market, the activity of whales on Litecoin has recorded a notable increase. Large movements of funds by whales, that is, investors with enormous quantities of Litecoin, have highlighted a strong interest in the cryptocurrency during the bear phase.
While the Litecoin futures market has seen a decline in overall activity, high volumes in on-chain transactions indicate that the whale are accumulating or transferring large amounts of LTC. Technical analysts point out some critical levels to watch, including support at 55 USD and resistance at 65 USD, levels that could influence the next price movements.
In an uncertain market context, the activity of the whale is an indicator that could suggest a possible recovery for Litecoin. The key points to monitor will be the evolution of trading volumes and the market reaction once the selling pressure has stabilized.
