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Litecoin [LTC] soars up by 9.03%; Cardano [ADA] follows the lead, surges by 8%

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Litecoin [LTC] soars up by 9.03%; Cardano [ADA] follows the lead, surges by 8%
Source: Unsplash

Litecoin [LTC], silver to Bitcoin [BTC]’s gold and the seventh-largest cryptocurrency soars by a massive 9% amidst the bear run, while Cardano [ADA] shoots up by 8%.

The prices for Litecoin in the one-day chart clearly shows a ton of volatility influx, as the prices are seeing massive spikes. Litecoin started trading at ~$32 on November 30, 21:44 UTC, although the prices fell in the next few hours to $31.47. This was followed up by a quick recovery which plunged the prices to a high of $32.34. The prices at this point took one last dip to $31.52 and then decide to shoot all the way up to $34.64.

Source: CoinMarketCap

The 24-hour trade volume of Litecoin is at $445.77 million and ~21% [$102 million] of the total trade volume comes from DOBI trade exchange in trading pair LTC/BTC. DOBI trade exchange is followed by OKEx exchange that contributes a total of 10.97% in total, with trading pairs LTC/BTC and LTC/USDT.



The prices for Cardano, the 10th largest cryptocurrency by market cap, started trading at $0.0384 at 21:49 UTC on November 30, just like Litecoin, the prices took a plunge from this point and reached $0.0380. The prices continued more or less the same until December 1, 13:24 UTC, post which the prices started to shoot and reached $0.0414. The prices corrected at this point and rallied again to reach a high of $0.04174 at 21:44 on December 1.

Source: CoinMarketCap

The trade volume for a 24-hour time frame for ADA is holding at $19.52 million, off which $10 million [~41%] is contributed by ZBG exchange with trading pair ADA/USDT. ZBG is followed by Binance which contributes 25.81% in trading pairs ADA/USDT and ADA/BTC.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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