Summary Litecoin and Grayscale Litecoin Trust have underperformed recently, but I still see value due to broader digital asset market conditions. Approval of spot Litecoin ETFs appears likely, with analysts giving high odds; Canary Capital's ETF is in 'Pre Launch' status per the DTCC website. Litecoin's utility and active user growth contrast with Bitcoin's scaling stagnation, suggesting LTC is undervalued relative to BTC on PoW peers. LTCN trades at a discount to NAV, presenting a potential arbitrage opportunity if spot ETFs are approved, boosting LTCN's value. In the roughly three months since I last covered Litecoin ( LTC-USD ) and the Grayscale Litecoin Trust ( LTCN ) for Seeking Alpha, the performances of both the coin and the fund have been admittedly lack-luster. Data by YCharts When I wrote my last piece, LTCN was trading at a small premium relative to the prior year. As of mid-April, not only is that premium gone entirely but the fund has shifted back to a NAV rate discount for the first time since Q4-23. In this update, we'll look at the latest pertaining to spot Litecoin ETFs, Litecoin's continued usage story, and why I still like both LTC and LTCN given the broader setup in the digital asset market. Spot Litecoin ETF Developments While it isn't yet exactly clear when (or even if) spot ETFs will be approved by the SEC, the indications are that they will be coming at some point in the future. Consider that Canary Capital's Litecoin ETF is currently listed on the Depository Trust & Clearing Corporation's website as a 'Pre Launch' ticker: LTCC Ticker in Pre Launch (DTCC) This doesn't actually mean that LTCC is guaranteed to become an approved ETF, but it is a positive sign as it shows the issuer is becoming more prepared for approval. ETF Analyst Expectations as of 2/10/25 (James Seyffart/X) Bloomberg ETF analysts Eric Balchunas and James Seyffart previously put LTC ETF approval odds at 90%. Furthermore, Seyffart said in early-February that he believes LTC will be the next ETF approved in the United States. In March, the SEC delayed a decision on the Canary fund and the next deadline is May 5th, which as of article submission, is less than three weeks away. Revisiting The Litecoin Thesis A view that I've steadfastly held in my coverage of cryptocurrencies through the years is the idea that the networks where these assets live have to actually offer the world real utility. Otherwise, speculation on price is likely the only real point of existence. That's not the future the cypherpunks who originally advocated for Bitcoin ( BTC-USD ) envisioned. But to a large degree, it's indeed the reality that we have today. That doesn't mean it has to remain the case going forward, and I've long suspected that through the bullish/bearish cycles that crypto speculators endure, the assets that will ultimately remain are the ones that offer the very utility I mentioned. There are many in the space who will argue that Bitcoin can do just about anything. BTC is viewed as 'Digital Gold' and any end user payments for smaller transactions can simply happen on secondary scaling layers. Thus, LTC need not exist. Yet lo and behold, after over 13 years in the market, Litecoin still commands a market capitalization of nearly $6 billion and a market cap rank of 21. For a coin that some feel is totally obsolete, this is impressive staying power, in my view. And my thinking here is the reason LTC still matters is precisely because scaling Bitcoin efforts have stagnated while Litecoin usage continues to grow. 30 Day Average DAAs (CoinMetrics) I've shared this chart in prior articles, but I'm sharing it again because I believe it helps illustrate two things; first, Litecoin's 30-day average DAA trend remains up since the beginning of 2021 while Bitcoin's is actually down. Second, when Bitcoin's transaction fees spiked in late-2023 and early-2024, crypto's user base shifted to Litecoin. I think another way to look at this though is through what I'll call the BTC/LTC DAA Multiple: 90 Day Average DAA Multiple (CoinMetrics) This logarithmic chart shows Bitcoin DAAs divided by Litecoin DAAs on a rolling 90-day average. This is essentially another way of showing Bitcoin losing active user share to Litecoin since 2017. Back then, the BTC/LTC DAA multiple was 60x. Today, it's just 2x, and it even spent some of 2024 under 2x. This isn't the only multiple that I think matters. You won't get any argument from me that Bitcoin settles far more in USD-denominated value each day. Over the last 30 days, Bitcoin has averaged about $9 billion in daily transferred value, while Litecoin's figure is closer to $86 million. To be sure, a massive difference. But adjusting for the differences in market capitalization, LTC is far cheaper than BTC: 30 Day Average NVT Ratio (CoinMetrics) This is the 30-day average NVT ratio; which divides the market capitalization of the coin by the USD-denominated transferred value on the network. I've added Dogecoin ( DOGE-USD ) and Bitcoin Cash ( BCH-USD ) to show that LTC is indeed the outlier. At a 77 NVT ratio, Litecoin's valuation continues to trade at a massive discount to Proof-of-Work payment chain peers. DOGE, BCH, and BTC all command NVT ratios in excess of 200. So this is either a bad framework, or Litecoin is undervalued relative to the rest of the market. I continue to believe the issue lies with the valuations rather than the framework. Grayscale Litecoin Trust I'll point out again that my issue with LTCN as an investment in recent years hasn't been due to the underlying asset or its attractiveness as a digital currency. My problem with the fund over the last year and change has simply been one of valuation. At a significant multiple over the underlying value of the LTC, LTCN isn't worth the price tag. However, at a discount, I like it a lot more due to what, I think, is discounted exposure to a digital asset that is also significantly discounted relative to Proof-of-Work peers. Data by YCharts And that's exactly what we have from the market today. LTCN trades a small discount to NAV. And LTC trades a significant discount to the NVT ratios that are presently observed by natural peers BTC, BCH, and DOGE. All this said, a consideration that LTCN shareholders should remain mindful of is share unlocks through the end of the year: Grayscale LTC Holdings (CoinGlass) Grayscale held 1.48 million LTC through the trust back in February 2024. By the end of April, LTC holdings grew to 1.69 million. Though as of April 17th, most of the shares issued from that LTC growth are already unlocked. The next big unlock appears to be in mid-July, where LTC holdings grew by 5% overnight. LTC pricing likely matters here because between April 15th, 2024 and July 17th, 2024, Litecoin traded between $60-80 dollars per coin. Which means that some of these LTCN shares are likely already underwater. Will those shareholders take the loss and further depress the NAV rate? I won't attempt to guess. Closing Thoughts Litecoin is quietly still an important asset in the cryptocurrency market. It's one of just three coins that can be purchased through a Fidelity crypto IRA, and all indications from ETF analysts are that the spot LTC ETFs will be approved in the United States. When that happens, LTCN's days at a discount are presumably over. So coin price being equal, buying LTCN at a discount could be a nice little arbitrage trade between now and a potential ETF conversion. Fundamentally, LTC remains highly depressed relative to similar assets. If LTC traded at the same NVT ratio as BTC, the coin price would be closer to $225.
In a notable development within the cryptocurrency landscape, data from COINOTAG on April 18 reveals that a prominent whale investor has made significant moves by acquiring 7448.8 ETH over the
The MELANIA token is currently facing a decline in value. Trading volume has increased significantly amid recent sell-offs. Continue Reading: Market Fluctuations: MELANIA Token Faces Challenges and Investor Concerns The post Market Fluctuations: MELANIA Token Faces Challenges and Investor Concerns appeared first on COINTURK NEWS .
Bitcoin price is slowly moving higher above the $83,500 zone. BTC must clear the $85,200 resistance zone to continue higher in the near term. Bitcoin found support at $83,200 and started a recovery wave. The price is trading above $84,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $85,200 zone. Bitcoin Price Eyes Fresh Upside Bitcoin price started a fresh decline below the $86,200 and $85,500 levels. BTC even declined below the $84,00 level before the bulls appeared. The price tested the $83,200 support. A low was formed at $83,171 and the price recently started a recovery wave . The price climbed above the $84,500 resistance zone. There was a break above the 50% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. Besides, there was a break above a connecting bearish trend line with resistance at $84,650 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $84,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,200 level. It is near the 61.8% Fib retracement level of the downward move from the $86,400 swing high to the $83,171 low. The first key resistance is near the $85,500 level. The next key resistance could be $86,500. A close above the $86,500 resistance might send the price further higher. In the stated case, the price could rise and test the $87,200 resistance level. Any more gains might send the price toward the $88,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,200 resistance zone, it could start another decline. Immediate support on the downside is near the $84,500 level. The first major support is near the $84,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,800. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $84,500, followed by $83,200. Major Resistance Levels – $85,200 and $85,500.
Surging BRICS momentum is supercharged by escalating U.S. tariffs, driving emerging economies to abandon Western dominance and embrace a bold new multilateral power structure, a Russian expert says. BRICS Rising Fast With African and Asian Giants Turning Away From US Dominance Ekaterina Arapova, Director of the Center of Sanction Policy Expertise at the Institute for
As the crypto market gears up for a potential bull run in 2025, major players like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP are showing promising signs. Analysts predict substantial returns for these assets, but one emerging project, MAGACOINFINANCE, is capturing attention with its impressive ROI potential. 🚨 FINAL CALL — ACT NOW & SECURE YOUR SPOT! Current Price Highlights BTC: $84,303 – approaching the $100K milestone ETH: $1,591.77 – steady with large-cap support XRP: $2.09 – showing resilience amid market fluctuations SOL: $132.97 – strong L1 momentum continues MAGACOINFINANCE: $0.0002908 – trending pre-sale entry MAGACOINFINANCE – Over 3,600 Percent ROI Still on the Table MAGACOINFINANCE is currently priced at $0.0002908, with a confirmed listing target of $0.007, presenting an automatic 2,308 percent ROI. By using the promo code MAGA50X, investors receive 50 percent more tokens, boosting total return potential to 3,645 percent. Stage 7 is over 60 percent full, with 12,500+ holders already participating. As the next price tier approaches, ROI decreases—timing is crucial. 🔴 PRESALE SELLING OUT- CLICK HERE TO SECURE A SPOT ROI Comparison: BTC, ETH, XRP, SOL, and MAGACOINFINANCE Bitcoin (BTC): $84,303 to $200,000 = 137 percent ROI Ethereum (ETH): $1,591.77 to $10,000 = 528 percent ROI XRP: $2.09 to $10 = 378 percent ROI Solana (SOL): $132.97 to $500 = 276 percent ROI MAGACOINFINANCE: $0.0002908 to $0.007 = 3,645 percent ROI While established coins offer promising gains, MAGACOINFINANCE delivers unmatched potential for early-stage investors focused on significant upside. 🚨 FINAL CALL — ACT NOW & SECURE YOUR SPOT! Conclusion BTC, ETH, XRP, and SOL are on bullish paths, but for traders seeking exponential ROI, MAGACOINFINANCE stands out as the smarter Q2 move. With hype building, media coverage rising, and prices still low, this may be your last best chance to get in early. Don’t let Stage 7 pass you by. Always conduct thorough research before making investment decisions. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance The post Solana, XRP, and BTC Might Pop 25 Percent With 2,500 Percent in Sight appeared first on TheCoinrise.com .
The past few days have been rough for Dogecoin following a new sell-off from a key level. However, it appears to have found minor support, though not strong enough, and there’s no assurance that it will hold. Doge’s outlook is still under the bears’ radar on a mid-term scale, but they appear to have exhausted momentum and are now looking weak. The bulls intercepted their recent attempt to resume pressure, and the market is now calm at the time of writing. This slight bearish suspension manifested earlier this month after testing a new monthly low of $0.13. A bounce occurred, and the price recovered to $0.17. Marking a resistance there, the price fell to $0.15 yesterday and held above this price level as support. Whether this minor support level will hold or not is yet to be ascertained. Advancing bearish move, the primary meme coin may lose grip above the support level, and continues to show signs of weakness on the daily chart. While this could lead to another major breakdown, it may see big losses in the long term. A few top meme coins have mirrored Doge’s recent price movement. While some are posting gains in the past few days, many are yet to find a solid ground on the daily timeframe. Nevertheless, the overall market is still considered bearish. DOGE’s Key Level To Watch Source: Tradingview If the bears pull below $0.15, we can expect an extension to $0.142, along with the monthly $0.128 low. A collapse from there should bring us to $0.115 and maybe the $0.1 level in the near term. Towards the upside, the $0.17 level has recently held as resistance. If the price rebounds through it to $0.18, we can anticipate a recovery to $0.2 and $0.24 in no time. Key Resistance Levels: $0.18, $0.2, $0.24 Key Support Levels: $0.142, $0.128, $0.115 Spot Price: $0.154 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
In the world of cryptocurrency, participants are constantly on the lookout for high-potential projects that offer short-term gains without compromising long-term value. As it head into 2025, three standout contenders—Qubetics ($TICS), Cosmos, and Celestia—are capturing attention with groundbreaking innovations in tokenization, modular blockchain infrastructure, and scalable networks. From Qubetics’ booming presale success to Cosmos’ ecosystem empowerment and Celestia’s unique data availability layer, this article explores why these projects are being hailed as some of the best cryptos to join for short term profits . Qubetics ($TICS): Revolutionizing Real-World Asset Tokenization The Real World Asset Tokenization Marketplace enables businesses, professionals, and individuals to tokenize physical assets like real estate, art, and intellectual property. This democratizes access to investments, allowing fractional ownership and increasing liquidity in traditionally illiquid markets. Qubetics’ platform simplifies the process of tokenizing assets, making it easier for users to manage and trade them. With its non-custodial multi-chain wallet, users can securely store and manage their assets across various blockchains, enhancing accessibility and user experience. The integration of AI-driven solutions further streamlines the tokenization process, ensuring efficiency and security. As the platform continues to gain traction, Qubetics is poised to become a leading force in the realm of real-world asset tokenization. Qubetics: Leading the Charge in Real-World Asset Tokenization Innovative Approach: Pioneering real-world asset tokenization in the crypto space. Presale Success: Over $16.1 million raised More than 508 million $TICS tokens sold 24,800+ holders and growing Current Stage: Stage 30 of the crypto presale Token priced at $0.1729 Profit Potential: Projected returns of up to 8567% post-mainnet launch Cosmos Hub Enhances Scalability and Interoperability Cosmos unveiled its Q1 2025 roadmap, focusing on optimizing the Cosmos Hub and Interchain Stack. Key initiatives include the removal of the LSM module to streamline operations, acceleration of block times for improved efficiency, and a commitment to comprehensive security audits. These efforts aim to bolster the network’s performance and scalability, paving the way for the introduction of new features and applications. Additionally, the roadmap outlines plans to enhance the Interchain Stack by delivering version 2 of the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol, codenamed “Eureka.” The team also intends to accelerate transaction speeds through improvements to Comet BFT, aiming to support a broader range of decentralized applications and increase the network’s overall capacity. These developments underscore Cosmos’ commitment to advancing its ecosystem and maintaining its position as a leading platform for blockchain interoperability. Celestia Enhances Layer 2 Integration with Blobstream Celestia introduced Blobstream on Arbitrum, a significant advancement for Layer 2 and Layer 3 networks. This integration aims to improve data availability and transaction efficiency, enhancing the performance of decentralized applications operating on Arbitrum. Despite a minor dip in Celestia’s token value following the announcement, industry experts remain optimistic about the project’s long-term prospects, anticipating a positive impact on its ecosystem as the market evolves. This development underscores Celestia’s commitment to advancing modular blockchain solutions and reinforcing its position as a leader in scalable infrastructure. By facilitating smoother interoperability between Layer 1 and Layer 2 networks, Celestia continues to pave the way for more efficient and scalable blockchain applications. Understanding Real World Asset Tokenization Real World Asset Tokenization involves converting physical assets into digital tokens on a blockchain, enabling fractional ownership and easier transferability. This process opens up investment opportunities in traditionally illiquid markets, such as real estate, art, and commodities. Key Benefits: Increased Liquidity: Tokenizing assets allows for easier buying and selling, enhancing market liquidity. Fractional Ownership: Participants can own a portion of high-value assets, lowering the entry barrier. Global Accessibility: Blockchain technology facilitates cross-border transactions, broadening the participantsr base. Transparency and Security: Blockchain’s immutable ledger ensures transparent and secure transactions. Platforms like Qubetics are at the forefront of this innovation, providing tools and marketplaces for tokenizing real-world assets. This advancement is transforming traditional investment models and offering new avenues for capital formation and asset management. Conclusion: Best Cryptos to Join for Short Term Profits As the crypto landscape evolves, Qubetics , Cosmos, and Celestia are emerging as frontrunners in their respective domains. Qubetics’ Real World Asset Tokenization Marketplace offers unprecedented access to fractional ownership of physical assets, while Cosmos and Celestia provide scalable and interoperable blockchain solutions. For those seeking best cryptos to join for short-term profits, these projects present compelling opportunities. Qubetics’ ongoing presale, with its significant funds raised and growing holder base, indicates strong market confidence. Cosmos and Celestia’s innovative approaches to blockchain technology position them for continued growth and adoption. Engaging with these projects now could yield substantial returns as they continue to develop and expand their ecosystems. Staying informed and involved in these promising ventures may prove advantageous in the rapidly changing crypto market. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What is Qubetics’ Real World Asset Tokenization Marketplace? It’s a platform that allows users to tokenize physical assets like real estate and art, enabling fractional ownership and easier transferability. How does Cosmos facilitate blockchain interoperability? Cosmos uses the Inter-Blockchain Communication (IBC) protocol to enable seamless communication between different blockchains. What makes Celestia’s blockchain architecture unique? Celestia separates consensus and data availability from execution, enhancing scalability and flexibility. Can I participate in Qubetics’ presale? Yes, the presale is ongoing, and tokens are available for purchase at the current stage price. Are these projects suitable for short-term profits? Given their innovative approaches and market momentum, these projects present potential opportunities for short-term gains. The post Qubetics Raises $16.1M, Cosmos Enhances Blockchain, and Celestia Boosts Scalability – Best Cryptos to Join for Short Term Profits appeared first on TheCoinrise.com .
One of Arizona’s crypto reserve bills has been passed by the House and is now one successful vote away from heading to the governor’s desk for official approval. Arizona's Strategic Digital Assets Reserve Bill (SB 1373) was approved on April 17 by the House Committee of the Whole, which involves 60 House members weighing in on the bill before a third and final reading and a full floor vote. Source: Bitcoin Laws SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund made up of digital assets seized through criminal proceedings to be managed by the state’s treasurer. Arizona’s treasurer would be permitted to invest up to 10% of the fund’s total monies in any fiscal year in digital assets. The treasurer would also be able to loan the fund’s assets in order to increase returns, provided it doesn’t increase financial risks. However, a Senate-approved SB 1373 may be set back by Arizona Governor Katie Hobbs, who recently pledged to veto all bills until the legislature passes a bill for disability funding. Hobbs also has a history of vetoing bills before the House and has vetoed 15 bills sent to her desk this week alone. Arizona is the new leader in the state Bitcoin reserve race SB 1373 has been passing through Arizona’s legislature alongside the Arizona Strategic Bitcoin Reserve Act (SB 1025), which only includes Bitcoin ( BTC ). The bill proposes allowing Arizona’s treasury and state retirement system to invest up to 10% of the available funds into Bitcoin. SB 1025 also passed Arizona’s House Committee of the Whole on April 1 and is awaiting a full floor vote. Related: Binance helps countries with Bitcoin reserves, crypto policies, says CEO Race to establish a Bitcoin reserve at the state level. Source: Bitcoin Laws Utah passed Bitcoin legislation on March 7 but scrapped the cornerstone provision establishing the Bitcoin reserve in the final reading. The Texas Senate passed a Bitcoin reserve bill on March 6, while a similar bill recently passed through New Hampshire’s House. Magazine: Crypto ‘more taboo than OnlyFans,’ says Violetta Zironi, who sold song for 1 BTC
On April 18th, COINOTAG News reports that a significant event is underway in the cryptocurrency market, as approximately 23,000 BTC options are poised for expiration today. The current Put Call