Dfinity And LTC Surge More Than 10% Overnight: Analysis

Dfinity and LTC surged more than 10% overnight with the rest of the market playing it quite cool so let’s read more in our latest price analysis in our altcoin news today.

Altcoins Dfinity and LTC surge overnight as the entire crypto market cap inched forwards less than a percent to settle on the $2.53 trillion. Litecoin shot up to 13^th place on the global market cap leaderboard as the coin’s value blew up 16.2% overnight as its secured a price of $221.60 and LTC already has a market cap of $14.75 billion. LTC was launched in October 2011 a few years after BTC and it was created by former Google engineer Charlie Lee who announced the launch of the BTC forum and labeled his creation the lite version of Bitcoin.

In all of the essential features, Litecoin wanted to become the successor to BTC and the currency can be used for payments without having to rely on a third party to mediate the transactions but still lacks the smart contract functions fo crypto blockchains like ETH, Solana, and Polkadot. Forbes announced that Litecoin was one of the eight cryptocurrencies that customers of vast Bank are able to purchase an FDIC-insured checking account. Dfinity’s Internet Computer project token was among the big gainers as well as it surged 9.79% to reach $72.10.

The Internet Computer Project is a smart contract platform that aims to provide a blockchain-based alternative to computing technology and ICP alongside Dfinity hopes to bring decentralized alternatives to apps like Uber, TikTok, LinkedIn, WhatsApp, and more. ICP got listed on Coinbase Pro the day of the launch and despite the launch, the token picked up some reputation for its extreme volatility.

Just three days after the launch, ICP dropped from the high of $565 to $218 according to the data aggregator Nomics and it spent most of the few months in freefall bottoming out $28.41 in June before beginning a slow increase to the current price. BTC and ETH stagnated in the meantime, and BTC traded to $50,264 while Ethereum is just $70 short of getting high to $4000 milestone again.