Regardless of this era of market stagnation, not all cryptocurrencies are performing equally effectively. Let's analyze LTC (Litecoin), APT (Aptos), and XRP (Ripple) specifically.

Litecoin (LTC) worth evaluation: comparability with Aptos (APT) and Ripple (XRP)

The worth of LTC, the Litecoin cryptocurrency, has been just about stagnant for per week.

2024 began at $73, however by early January it was already under $64.

It rose to $76 on January 12, however fell to $64 a number of days later.

Since mid-September 2023, it has been buying and selling sideways within the $60 to $75 vary, barely above or barely under.

The issue is that, given the halving that occurred on August 6 of final yr, it most likely rose a little bit an excessive amount of to ranges above $110 in March.

It already fell to $50 in June 2022 after the Terra/Luna implosion and Celsius failure, and has since leveled off within the $50-$80 vary, though it has not fallen a lot under that threshold. It's only a transition. Nevertheless, the month earlier than the halving interval is excluded.

Subsequently, after the halving in August 2023, the cryptocurrency market didn’t make the most of the small year-end bull run and easily returned to buying and selling sideways inside an excellent narrower vary.

Be aware that it was hovering between $50 and $60 even within the months simply earlier than the final massive bull market began on the finish of 2020, and has made little progress since then.

In the mean time, the market continues to be 83% under its Might 2021 excessive, so market situations don't appear notably favorable.

Aptos (APT) efficiency

APT is the digital forex of Aptos, Inc., and has a market capitalization of roughly $3 billion.

It’s a tier 3 cryptocurrency and has fallen 3.5% within the final week.

Nevertheless, whereas the present worth is in keeping with the worth from a month in the past, it’s down 8% in comparison with $9.4 in the beginning of the yr.

It first appeared on the digital forex market in October 2022, simply earlier than FTX went bankrupt.

The present worth of $8.6 is just not a lot larger than the unique worth of $7.2. That is additionally as a result of its worth halved in its first two months available on the market, plummeting to $3.4 by the tip of 2022.

Nevertheless, it recovered barely in 2023, and ended January at $18 in what was basically a speculative mini-bubble.

Already in February of final yr, this bubble started to deflate, and the decline continued for nearly your complete yr till it fell under $5 in October.

Nevertheless, APT benefited from the market restoration on the finish of 2023, rising from $5 to $10 by the tip of the yr.

Nevertheless, 2024 didn’t fare as effectively, dropping from $10 to lower than $9.

Subsequently, it’s a pretty unstable cryptocurrency that has not skilled an actual massive increase but.

What’s attention-grabbing is that though it follows the developments within the crypto market, it’s barely completely different from the key cryptocurrencies.

Furthermore, regardless of being lower than a yr and a half previous, it has a better market capitalization than far more established cryptocurrencies resembling OKX trade’s OKB and Lido DAO’s LDO. Not too long ago, it has even exceeded XMR (Monero).

Latest developments in Ripple (XRP)

XRP is a digital forex created by Ripple a number of years in the past.

To this present day, regardless of the whole lot, it nonetheless ranks among the many high 10 most capitalized cryptocurrencies and ranks fifth total, excluding stablecoins.

Final yr, he suffered loads in his ongoing lawsuit towards the SEC, however it appeared like he was again on his toes after profitable that lawsuit.

In truth, it was above $0.8 in July, however has since fallen under $0.5.

The present worth is simply $0.5, which has been roughly the identical stage because the finish of 2022 after the FTX collapse. In truth, the July 2023 match, regardless of a transparent and decisive victory over SEDC, was only a flash within the pan.

Behind the market's obvious distrust of XRP lies, on the one hand, the truth that its worth tends to be pretty secure over time, and, then again, the truth that its worth tends to be pretty secure over time, and then again, the brand new There could also be a possible drawback. Which may be true.

Let's simply say that $0.50 was the worth reached on the finish of 2020, earlier than the SEC lawsuit, and earlier than the most recent massive bull market began.

Furthermore, it by no means fell under $0.3 in the course of the 2022 bear market, so even throughout one of many darkest intervals, the market worth didn’t fall a lot.

Granted, the times of the historic $3.8 in January 2018 are a great distance off, however when you exclude speculative bubbles, that worth stays roughly fixed over time. At greatest, it's unstable, however there's no massive surplus past the bubble.

For instance, the $0.3 reached in mid-2022 is in line with the worth in mid-2017.