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What’s new in the crypto market over the past 24 hours? We list the main events in the world as briefly as possible.
Well-known analyst WuBlockchain released its ranking of cryptocurrency exchanges, breaking them down into segments by degree of influence:
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The rating is based on a set of factors: the impact on the market, trading volume, number of users, and estimated profitability of the exchange.
Bitcoin seems to be undergoing some kind of unexpected transformation into something new, thanks to Ordinals/BRC20. And it’s not even about the fact that it entered the top 3 among blockchains distributing NFT (although a couple of months ago it seemed like a joke). In this thread, an expert describes fundamentally new features that may appear in BTC in the near future:
So if you think the BRC20 ecosystem consists only of shitcoins and weird inscriptions, you’re wrong. Here are three projects in active development: two of them are building a real DeFi-platform on Bitcoin rails, while the last one implements the famous ERC-721 standard on the Bitcoin network.
Litecoin will soon have a halving at the end of July 2023. This will be a significant event for the Litecoin network. Every halving historically pushes prices to new records after some time.
But the situation is actually even more interesting. In May, the new LTC20 standard was launched, which leads to a gradual increase in the intensity of transactions on the blockchain, effectively creating a new market similar to BRC20.
Traditionally, Litecoin has shown patterns that were then repeated in Bitcoin, so halving LTC is worth taking a closer look at. Those who want to try to speculate on the halving should start entering LTC, because bigger speculators will start entering the coin as the event approaches.
To understand what opportunities halving gives, let’s look at the dynamics in the example of BTC:
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