On this article we’ll have a look at what the cryptocurrency sector brings us via the most recent and most attention-grabbing information from the Litecoin, Eos.io and Kaspa initiatives.

Now let’s transfer to the charts and check out the value motion of every of the cash LTC, EOS, and KAS.

As for LTC and EOS, the state of affairs may be very unsure and it’s unclear whether or not previous efficiency shall be repeated.

Nonetheless, for KAS, a bullish continuation of the macro pattern after the final pullback appears doubtless.

Please see under for particulars.

Newest crypto information on Litecoin, Eos.io and Kaspa initiatives

This Tuesday, August thirteenth, we report solely among the main information within the cryptocurrency market associated to Litecoin, Eos.io and Kaspa.

that is An important milestone second for all three initiativescelebrating on-chain cryptographic achievements.

them so as, Litecoin just lately processed the 270,000th transaction within the historical past of its blockchain..

Since July 15, 2023, simply over a 12 months in the past, 100 million transactions have been added, highlighting the fast development in utilization of the expertise.

Though Litecoin has certainly been energetic since 2014, it has by no means seen such heavy exercise on its community.Litecoin is accelerating“

Migrating to Eos.ioRight here once more we’ve excellent news.

The historic open supply platform is precisely that.Locked WholeFrom early 2024 “(TVL)”This metric signifies the sum of all capital locked in sensible contracts within the community.

Due to RAM and EOS’ new multi-staking program, the chain’s TVL has elevated considerably in a really brief time frame, which might revitalize Eos.io, which has been considerably disappointing when it comes to growth and on-chain presence lately.

“It's the summer season of EOS.”

https://twitter.com/EOSNetworkFDN/standing/1823060741752238296

Lastly, there may be some excellent news on the best way for Caspar too..

The undertaking, which implements the GHOSTDAG protocol underneath a PoW consensus mechanism, has seen a major enhance in its hashrate.

Take into account that in only one month, the computing energy of your complete community doubled from 400 PH/s to 800 PH/s.

Nonetheless, a 12 months in the past, this metric confirmed a hashrate of simply 8PH/s, highlighting the large progress the undertaking has recorded on this interval.

Let me inform you about some of the concrete and large-scale developments of PoW networks we’ve seen to this point.

On the earth of finance, the phrases “bull” and “bear” are sometimes used to explain market tendencies. A “bull” market is characterised by rising costs, whereas a “bear” market is characterised by falling costs. For buyers, understanding these ideas is essential.

LTC and EOS Historic Value Developments: Will These Cryptocurrencies Expertise One other Bull Market?

After reporting the most recent information on Litecoin, Eos.io and Kaspa initiatives, we transfer on to analyzing costs and tendencies within the cryptocurrency market.

As for the “historic” cash LTC and EOS, the graphical state of affairs shouldn’t be one of the best However there may be nonetheless a ray of hope.

it so as, for LTC we are able to clearly see that the coin has not met buyers’ expectations when in comparison with its previous efficiency.

The worth dipped under the 50 EMA to the $62 area on the month-to-month timeframe. Since Might 2022, Litecoin has not been capable of surpass the psychological threshold of $115..

The coin has recorded spectacular good points up to now in 2014, 2017, and 2021, however it’s unclear whether or not it should expertise a bull run this time round as nicely.

It’s also value noting that, on the extent of “cyclicality,” LTC doesn’t appear to respect the time that has handed between the previous two bull markets. The truth is, 40 month-to-month candles handed between the 2017 excessive and the 2021 excessive. From the 2021 excessive to as we speak, 40 month-to-month candles have additionally handed, but LTC didn’t file a brand new excessive.

The bull market spell is over. Most likely.

Within the case of Eos.io cryptocurrency, the state of affairs is much more difficult

From the earlier bull market excessive of $14.8, EOS has plummeted by roughly 95%, however for the reason that 2018 excessive it’s down over -97%.

Disastrous worth fluctuations marred by the foreign money's low utility, excessive circulation, and crew gross sales.

The worth has fallen additional for the reason that 2017 itemizing worth.When it’s launched on main cryptocurrency exchanges.

Because the crash in 2022, the market has remained nearly flat with no specific indicators of restoration.

In the mean time, EOS is valued at round $0.50 per unit, decrease than it was a 12 months in the past.

Right here once more it’s clear that the bull market shall be an phantasm sooner or later.

Will KAS proceed its intense bull run?

The cryptocurrencies Litecoin and Eos.Io are displaying decrease than anticipated graph tendencies, Kaspa coin seems to be probably the greatest cash within the final two years at a speculative degree.

The coin has been constantly supported by bulls since its inception in June 2022, reaching a market cap of $3.7 billion in a brief time frame.

Final 12 months, it rose 262%, displaying comparatively compact energy with huge volatility.

If we begin from January 1, 2023, we are able to see that the value has risen extremely, with the efficiency so far being +3800%..

From the beginning of 2023 to its finish just a few weeks in the past, the expansion charge practically reached a file of +5000%, sufficient to crown KAS as the highest gainer within the cryptocurrency market.

Nonetheless, Bitcoin’s current decline has additionally induced Kaspar’s coin to fall, dropping 20% ​​in three weeks.

Specifically, the weekly candle on July 29, which ended on a bearish engulfing, is scaring off KAS bulls who must take care of profit-taking.

Both method, the percentages of the bull market persevering with are undoubtedly increased right here in comparison with Litecoin and Eos.io.

The general outlook stays bullish so long as KAS stays above $0.12. And it’s trying to escape above the present excessive of $0.20.

Nonetheless, since KAS is now one of many high cash in the marketplace, we can’t anticipate it to develop prefer it has up to now 12 months and a half.